Any change in share structure is deemed relevant to shareholders and triggers a necessary 8-filing within 4 days, enough of ignoring this rule can lead to censure, and I have seen repeat offenders (CEOs) suspended from any corporate activities & duties for 6 months.
https://www.investopedia.com/terms/1/8-k.asp
No need to be a security expert GoldBuffalo to know something is NOT right here
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