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Thursday, October 06, 2022 7:11:06 PM
Take a look at what happened with the Leonite warrants in Q1 of 2020 after they closed the last treatment center and dumped 1.3 billion new shares. See how a .10 warrant can turn into 154,399,456,399 shares are exercisable at $0.0000324 per share. That's right 154 BILLION shares at how many zeros before a three? LOL That got renegotiated and is detailed in the December 8K. According the the last quarterly filing It currently stands at 326,286,847 shares with a price of .000675, complete with price protections once again.
For the quarterly period ended March 31, 2020
https://sec.report/Document/0001721868-20-000426/
c) Warrants
In terms of the price protection provided in the Leonite Capital, LLC warrants which were issued at an initial exercise price of $0.10 per share. These warrants provided for a reduction in the issue price should the Company issue any stock at a price below the exercise price. The Company subsequently issued common stock at a price of $0.0000324 per share thereby triggering the price protection clause in the warrant agreement, resulting in an additional 152,017,272,726 warrants exercisable over shares of common stock. Leonite exercised warrants over 125,609,759 shares of common stock resulting in the issue of 103,000,000 shares of common stock. The remaining Leonite warrants exercisable for 154,399,456,399 shares are exercisable at $0.0000324 per share.
a) Common shares
Authorized, issued and outstanding
...Between January 6, 2020 and February 27, 2020, the Company issued 1,316,679,078 shares of common stock in terms of conversion notices received from convertible note holders. The shares issued were issued below par based on the market price of the stock on the date of conversion and were valued at $531,005...
Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..
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