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Re: Testpilot post# 40817

Monday, 05/22/2023 11:15:00 AM

Monday, May 22, 2023 11:15:00 AM

Post# of 42762
Recent Sales of Unregistered Securities Some reasons for the stock price getting hammered. As we know Armistice did have 23 million shares but in a sec fiing not long ago showed they had about 13 million left but still had 51,000,000 pre funded warrants remaining with the 4.99% ownership rule applying . never the less they are obviosly selling . Dont know exactly who these investors are but they are selling and the stock is dropping because of no interest.
Note 8 – Subsequent Events

On May 9, 2023 an investor provided notice of cash exercise for pre-funded warrants with a price per share of $0.0001. The warrant exercise results in an issuance of 12,500,000 common shares for cash consideration of $1,250.

On October 21, 2022 an investor provided notice of cash exercise for pre-funded warrants with a price per share of $0.0001. The warrant exercise results in an issuance of 10,300,000 common shares for cash consideration of $1,030.
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