Life Clips Inc (fka LCLP)

[Power of Emouna]

These were the details at the time of acquisition. There was also an offering of 1 billion shares @ minimum price of 0.001$ to raise capital after the acquisition. If I'm not mistaken the average selling price of that offering was around 0015 the lowest! I'm assuming if the deal was cancelled retroactively all the shares issued should be reverted back and cancelled lowering the outstanding shares or to give those shares as compensation to shareholders on a pro rata basis depending on how many shares each one owns in respect to the O/S! Not sure what should be done exactly but the way I see it is either the company gets those shares back upon canceling the deal retroactively & then retire them or give those shares as additional shares to shareholders on a pro/rata basis. $LCLP

https://www.google.com/amp/s/www.marketscreener.com/amp/quote/stock/LIFE-CLIPS-INC-120795818/news/Life-Clips-Inc-completed-the-acquisition-of-Belfrics-Malaysia-Sdn-Bhd-for-41-8-million-36264057/

https://www.otcmarkets.com/filing/html?id=16031285&guid=fS2-k621EjePB3h