Institutes of Biomedical Research Corp (MRES)

[redspeed]

All those locked up shares that were given out at .0003-.0004 last summer scare the hell outa me.

Well, it wasn't last Summer. They dropped the offering price to $0.0003 3/31/2023.

What's interesting is people that were buying above a penny or two. They must not read filings.

Starting Page 4

PREFERRED STOCK CLASS A:
Total shares outstanding: 8,540,000 as of date: 12/31/2023
PREFERRED STOCK CLASS B
Total shares outstanding: 35,800,000 as of date: 12/31/2023
Each Preferred B share is convertible into Fifty (50) Shares of Common Stock at par at the option of the holder.
COMMON STOCK CLASS A
Total shares outstanding: 2,371,424,113 as of date: 12/31/2023
Series A Warrants
Total warrants outstanding: 1,347,635,075 as of date: 12/31/2023
The Series A Warrants entitle the holder to subscribe for [color=red]one Common share at $0.005 USD[/color] (0.5 cent per share) and shall expire 18 months after issuance. The Company shall have the option to call the warrants by cash exercise provided the Volume Weighted Average Price per share is above $0.02 USD for a period of ninety days before the Company calls the Warrants. The exercise price shall be payable in cash to theCompany at the time of exercise.

https://www.otcmarkets.com/otcapi/company/financial-report/393762/content