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rumark27

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rumark27

Re: Hook post# 19005

Wednesday, 09/29/2021 11:05:00 AM

Wednesday, September 29, 2021 11:05:00 AM

Post# of 19526
Beat me to it Hook.

"Prior to the closing of the transaction which is awaiting regulatory approval, SRAX shall exchange their approximately 150 billion shares into preferred shares with blockers at 4.99% and or 9.99%"


So what exactly does this mean? Sounds to me like OS dropping by 150 billion shares, however will also increase due to new shares being issued for merger? So where does the OS end up at?

Not sure what the blockers at 4.99 and or 9.99% means.. Thoughts?
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