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Sunday, 03/20/2022 11:12:15 AM

Sunday, March 20, 2022 11:12:15 AM

Post# of 582
Authorized shares being reduced from 1B+ to 250M, 99% of the time in penny stock changes of control or reverse mergers, the a/s is typically increased, not reduced....to make room for convertible debenture dilution and those shares issued for mergers/acquisitions, or to increase the insider ownership percentage.

These guys have done the complete opposite, they did not need to reduce the a/s but likely did so for the shareholders and potential investors benefit, to show they are not going to be your typical penny stock dilution machine.

This is a very shareholder friendly move IMO and I think bodes well for the company going forward.

https://www.otcmarkets.com/filing/html?id=15633954&guid=jOFwka40axL7Qth
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