Sunday, March 20, 2022 11:28:05 AM
I can only assume that the high price paid was because of the high insider ownership percentage, in this case 99%. So they do not have to issues additional shares, to increase their ownership percentage. That's not saying more shares wont be issued but they would be for acquisitions if it occurred.
OTC traders typically overvalue shells with low outstanding shares, which is foolish IMO because when there is a change of control, hundreds of millions of shares, even billions, can be issued to the new owners....and in pennyland typically are.
In this case they don't necessarily need to issue shares to the new owners because they already own the vast majority of the of the o/s.
Again, this just seems more shareholder friendly to me, as there is not that shock of massive amounts of shares being issued out of the blue after take over.
Recent AWCA News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/23/2024 03:28:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2024 09:03:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2024 08:59:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2024 07:47:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 09:28:55 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 08/07/2024 09:24:48 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 07/22/2024 10:56:05 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 08:08:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/22/2024 09:05:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 12:32:35 AM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 02/15/2024 09:15:23 PM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 12/06/2023 10:11:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/10/2023 03:28:32 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/29/2023 09:14:48 PM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM