OTC IPOs, Mergers & Other Material Events

[STOCKPICKER4LIFE]

Hi,
I noticed this tonight when I was doing some D.D. on my stocks.

AL__DA

T.A. just updated the share structure on OTC Markets Page. First time since 2013.

The Authorized decreased from 50 Million to 25 Million shares
The Restricted amount went up to 2,407,714 shares
That is an increase of 16,914 shares.

Do you think the company is buying shares? Or maybe a Director?
The Unrestricted amount went down to 50,876 shares
Held at DTC which never showed before is now showing at 40,665 shares
Outstanding share count is still the same.

https://www.otcmarkets.com/stock/ALDA/security

Authorized Shares
25,000,000
04/15/2022

Outstanding Shares
2,458,590
04/15/2022

Restricted
2,407,714
04/15/2022

Unrestricted
50,876
04/15/2022
.
Held at DTC
40,665
04/15/2022

Directors and Named Executive Officers Number of Shares of
Common Stock Percent of Shares
of Common
Stock (1)
Alan D. Gordon, President and Chief Executive Officer, Director(2) 2,390,800 (2) 97.2 %
Shelley Goff, Chief Financial Officer, Principal Accounting Officer and Secretary 0 0.0 %
Fredrick G. Pierce II, Director 0 0.0 %
Daniel B. Zwirn, Director 0 0.0 %
All current directors and executive officers as a group (4 persons) 2,390,800 97.2 %


(1) For purposes of this calculation, the number of shares of common stock outstanding was 2,458,590.


(2) Includes 2,390,800 shares owned by Mirabella Holdings, LLC, a Delaware limited liability company owned by the Alan D. Gordon GS Trust. Mr. Gordon is the trustee of the Alan D. Gordon GS Trust and in such capacity may be deemed to have voting and dispositive power over the shares owned by Mirabella Holdings, LLC.

So Restricted ownership went up from 97.2% to 97.93%
This is a shell, so no insiders could sell this without registering with the SEC.

I have seen some big bids show up.
I got lucky to catch this only because I have been watching this one very closely.