Namliong SkyCosmos Inc (NLSC)

[Crusader]

Kreido intends to hold the shares until they can be distributed to its shareholders or otherwise transferred or sold.:


"Kreido is selling the specified assets for $2.8 million in cash, the assumption by Four Rivers of $260,000 of Kreido purchase orders and contracts, 1,200,000 Four Rivers shares of common stock and warrants to purchase up to 200,000 Four Rivers shares of common stock, exercisable at $8 per share for a period of five years. The shares issued in the transaction and underlying the warrants will be unregistered, but carry piggy back registration rights. The shares issued at closing will be subject to a 360 day lock up. Kreido intends to hold the shares until they can be distributed to its shareholders or otherwise transferred or sold."

There are about 52.72M Shares Outstanding and a Float 25.56M so we need to do the math.