Cannagistics Inc (CNGT)

[sello]

As it stands right now we will have an O/S of 4,739,039 shares.

2,622,602 unrestricted and 2,116,437 restricted

The 145,000,000 shares that were "deemed converted" to both Rob Gietl and Solid Bridge Investments really can not be assumed to convert as they haven't and are not mandated to do so.

Interesting to read the legal meaning and reasons for deeming a preferred share converted. One thing it does is takes away any preference for the shares. From the point, they are deemed converted they are considered as common shares whether they are converted or not.

https://www.lawinsider.com/clause/deemed-conversion

I'm rooting for them to stay non converted but if they do convert they will be restricted for 1 year.

Either way, it is going to be a micro float which from my experience can make some incredible moves, especially when this is so undervalued.

CNGT!!