FOMO Worldwide Inc (IGOT)

[double_m]

I'll give you the quick version. They have been threatening an RS for years now and they keep canceling it.

Vik owns common and Series A, B and C shares which are all derivative securities with NO expiration date. Additionally, he has a 200M derivative stock option at a $.0005 exercise price that was awarded to him in 2020 and DOES NOT EXPIRE. It's all laid out in the Form 4 and if you know how to read the form, you will see that the Series B stocks that he keeps buying have a conversion rate of 1000 commons shares to 1 series B share and the Series A convert to 50 common. Here's the kicker: they all cost the same price as common shares to buy!!!

Once he converts all of his preferred stock, which I expect him to do before they execute the RS (whenever that maybe), he will own hundreds of millions of common stock which he essentially go for free and will stratigically off-load at or around $.01 each after paying nothing for them. Case in point, he bought 195K Series B shares from August to October of last year. That converts to 195M common shares when he decides to convert. That's some serious dilution and a hefty profit margin.

Vik is and has always played the long game and he needs new investors.