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Re: StockItOut post# 17522

Wednesday, 04/10/2024 10:31:29 AM

Wednesday, April 10, 2024 10:31:29 AM

Post# of 18159
Just saw your message. I was speculating based on two observations in filings:

1. He issued himself 2.25b common shares shortly after taking over the shell.
This is separate from his control block of 1 series A preferred stock (equates to 3b)…if he gives that away, he loses control of MDCE so that will be with him for the long term.

2. He gave 170m shares to Cooley so he has 1.98b shares left.

That tells me he can freely give shares away to others.

This is why in my post, I stated I am keen on seeing what the next filing shows. This is because he gave 100m shares in the form of restricted shares for the Lebron jersey in Q1. If the next filings show he has 1.88b common shares left, that confirms my hypothesis.

Hope that helps answer your question.