B2Digital Inc. (BTDG)

[sanbrunobaby]

Very interesting situation. They agree to sell all shares for $.04. How do new shares issued affect the buyout ?

Then, following issuances occur : 600 million to CEO, 100 million to CFO, and 500 million for Hip Hop investment. This is on top of 800 million shares issued in 2010 to settle debt in 2010. This implies total outstanding shares of around 2 billion.

According to press release 500 million shares is 10% of BTDG, implying 5 billion shares issued . January 8 pinksheet filing says 3.1 billion shares outstanding.

Math doesn't add up. Maybe BTDG can update shareholders on status of buyout, and how they arrive at 3.1 billion shares. Or maybe new IR firm can answer.

On the plus side seems CEO firmly in control , maybe this will be BTDG's year !