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Re: netmoney1999 post# 11017

Monday, 08/21/2023 12:45:07 PM

Monday, August 21, 2023 12:45:07 PM

Post# of 11596
Just for an example of how Carnes operates, look at the Reg A and number of amendments on the one he just did on GMZP.

https://www.sec.gov/edgar/browse/?CIK=1973160&owner=exclude

When he first submitted the Reg A, share price was ~$0.0020 or so and he submitted the offering at a price of $0.006 for 750 million shares, well above the current share price. Took about 3 months to get qualified, but the latest amendment modified the offering down to $.0005 for 2 billion shares and that is what he is currently diluting at.

So yes, it will be amended both in price and share count. Thats how he makes his money by siphoning off of these offerings in "general and administrative" costs.