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Wednesday, March 20, 2024 5:08:03 PM
If a reverse split (R/S) is pending, it must be explicitly stated in the amendment.
This 8-k is so easy to understand.
AWESOME 8-K NEWS.
The Series F Convertible Preferred Stock, which was set to convert into 93% of the common stock of the Company on a fully-diluted basis, has now been removed and is no longer part of the agreement.
Kudos to Morrison! This passage makes it clear that the Class F Preferred Stock of EMGE is being removed from the agreement and will no longer be considered a part of it. It's crystal clear. I'm thrilled! They've just cleaned the books and eliminated 93% of the diluted EMGE shares previously available from James Con, which are now obsolete. This is fantastic news.
James, now he is nothing, not the president, the CEO, CFO, or the COO He's just the Dumbfuck director that is.
On March 14, 2024, the parties closed the Exchange Agreement. "Series F Convertible Preferred Stock that shall convert into 93% of the common stock of the Company on a fully diluted basis (the “Series F Preferred Stock”),
Amendment date as of Mar 18, 2024, which is 4 days after the parties closed the Exchange Agreement.
THE SHARE EXCHANGE AGREEMENT Is amended as follows,
![](http://investorshub.advfn.com/uimage/uploads/2024/3/20/daltpF_PREFERRED_STOCK.png)
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