Well he did cancel 3B but was still left with 200M unrestricted shares as of 6/2. Old CEO was smart. He knew his 3.2B shares were junk and with the MJ market hot he figured keeping 200M at whatever price was a hedge against 3.2B at .0001. But Chris has either given away or diluted 1.9B since and looking at the latest supplemental filing he gave roughly 1.1B away and hence the rest were diluted by the company. The real issue is that since Chris took over nothing has happened and has brought zero revenue and a bunch of debt. Over promised and zero delivery. Who launches a company web page only to take it down a few weeks later? That's a joke.
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