Emergent Health Corp (EMGE)

[trader59]

Go to page 26 of your link... tell me what it says about the common stock of EMGE....

http://archive.fast-edgar.com/20240226/AP22U62CZ22R7ZVZ2A2C2ZY2RDIMRZ22Z262/ex2-1.htm

Note that the common stock of EMGE is not mentioned anywhere else in the share exchange agreement. They get nothing. Only the preferred shareholders get equity in KOAN. KOAN will own the preferred shares of EMGE, and once those preferred shares of EMGE are surrendered to KOAN, the company, they could be converted into common stock of EMGE, nearly 1B shares. I walked you completely through it here:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173748583

Convertible preferred stock is Series B and Series C. Series B converts into 20 shares of common stock for each share, Series C converts at 100 shares of common stock for each share. Here's the kicker: Conversions were allowed to start in January of 2024 for the Series C convertible stock. There are 20.5M shares of Series B outstanding, convertible into 410M common shares, and 5.6M shares of Series C outstanding, convertible into 560M common shares. Large holders of this stock are listed on page 12, some are insiders, some are not, and this is the OTC...

KOAN doesn't need EMGE preferred or common stock since they're already distributing the bulk of their equity to the owners of the private company, I expect they'll either cancel it or just let it die on the vine.