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Re: BayTrader280 post# 126302

Monday, 11/22/2021 9:24:56 AM

Monday, November 22, 2021 9:24:56 AM

Post# of 170229
Outstanding Shares 18,859,549,999 on 11/19/2021

Information off 10Q Sept 30 2021 showed Outstanding as 438,998,913
https://www.otcmarkets.com/filing/html?id=15355690&guid=-lywkeX4vAwfJth


Reverse Stock Splits



On July 22, 2020, the Company’s Board of Directors approved an amendment to the Company’s Certificate of Incorporation to effect a 1-for-10,000 reverse stock split effective July 31, 2020 and on July 8, 2021, the Company’s Board of Directors approved an amendment to the Company’s Certificate of Incorporation to effect a 1-for-1,000 reverse stock split effective July 16, 2021 (the “Reverse Stock Splits”).



As a result of the Reverse Stock Splits, every 10,000 shares of the Company’s common stock then outstanding was combined and automatically converted into one share of the Company’s common stock on July 31, 2020 and every 1,000 shares of the Company’s then outstanding common stock was combined and automatically converted into one share of the Company’s common stock on July 16, 2021. The conversion and exercise prices of all of the Company’s outstanding convertible preferred stock, common stock purchase warrants, stock options and convertible debentures were proportionately adjusted at the applicable reverse split ratio in accordance with the terms of such instruments.

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