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Tuesday, 12/12/2023 12:13:14 PM

Tuesday, December 12, 2023 12:13:14 PM

Post# of 1476

I'm confused on how many authorized shares the "new" VASO will be able to issue. Current authorized common shares are 250M according to OTCMarkets. However, in the AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF VASO CORPORATION (Exhibit J) the following is stated:

(A) Authorized Capital Stock. The total number of shares of all classes of stock which the Corporation shall have authority to issue is ten thousand (10,000) shares of common stock, par value $0.01 per share (hereinafter, the “Common Stock”).

That would imply a reduction of about 25,000:1 in the number of authorized common shares.

Am I interpreting these numbers correctly, or am I not understanding something here? How could VASO go from its current OS of ~185M common shares to at most 10,000 shares? That seems a bit ridiculous to me. lol

Disclaimer: Do not rely on my projections or opinions to make a buy or sell decision. Always do your own DD.