Frequency Holdings Inc (FRQN)

[trader59]

Here's a recap. You guys need to pay attention to how this deal works. When Reachout "merged" in, the deal was Jordan and his private investors were going to substantially own this company, nothing wrong with that since they owned Reachout already. They were given preferred shares which converted into 87.5% of the "fully diluted" common stock, Trillium got preferred stock that would be 10%, and Dickson and another guy got the 2.5%. I've posted a link to a post I made back then which gives that share exchange agreement, but ultimately the intent is clearly to wipe out the common stock trading today when they're ready to sell some.

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