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Tuesday, June 14, 2022 3:37:58 PM
PAUL
OTCX
ASCM
So where is all this dilution coming from?
Reg A shares
TCG World
"The Company acquired the parcels by issuing its blank check preferred stock, one share for every parcel purchased. The Company has the right to redeem its preferred stock at the time of sale. In addition to the blank check preferred the Company will be issuing 15,000,000 shares of its “Restricted” common stock to TCG World or its designee as part of the partnership agreement."
I don't know the details of the deal, but my guess is brace for about 20m shares hitting the market starting at 9:35 am today.
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