CuraScientific Corp (CSTF)

[oncifuture]

JohnnyThundersLAMF

Wednesday, March 23, 2022 4:51:11 PM

Re: Mickey4 post# 29749

Post#
29755
of 29970
That's interesting. I've contacted them many times and have never received a response. Hmm...

Btw, it looks like my "fuzzy math" was spot on...

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167594694

We currently do not have a sufficient number of unissued authorized shares of common stock to permit the conversion of all of our outstanding shares of Series A Preferred Stock. As of September 30, 2021, we had 306,655,964 shares of common stock available for issuance. However, based on the closing price of our common stock of $0.002 per share as of February 17, 2022, the 7,006,136 shares of Series A Preferred Stock outstanding at September 30, 2021 would convert into 35,030,680,000 shares of common stock. Accordingly, we will need to obtain shareholder approval to increase our authorized shares of common stock and/or effect a substantial reverse split of our outstanding shares of common stock to permit the conversion of our outstanding Series A Preferred Stock.
https://www.sec.gov/Archives/edgar/data/0001877788/000187778822000007/bnow-form_10a.htm