Monday, October 18, 2021 2:55:16 PM
ETEK was looking into retiring 1.5b but, as stated by ETEK;
"We previously made a statement about returning surplus shares of $ETEK. Unfortunately, upon looking further into the matter, all the authorized unissued shares are on reserve and can not be retired."
We previously made a statement about returning surplus shares of $ETEK. Unfortunately, upon looking further into the matter, all the authorized unissued shares are on reserve and can not be retired.
— Emergent LLC (@EmergentLlc) September 27, 2021
"Shares on reserve are not shares owned by the entity that put them on reserve. They are not owned and can not be sold. They are essentially locked."
It's good that you mentioned this here, although it would have been better phrased as a question rather than a statement. Shares on reserve are not shares owned by the entity that put them on reserve. They are not owned and can not be sold. They are essentially locked.
— Emergent LLC (@EmergentLlc) September 27, 2021
My spec on those is,
they've been penned in as restricted for the in coming company.
That's another reason I believe somethings been penned already
Cheers
Avast ye Mateys, a statement of plunder is not upon ye,
only missing sails & lazy seamanship upon thy keel.
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