Replies to post #83972 on Cuentas Inc (CUEN)

[imgoingfishing1]

where will shares come from to pay Notes Comin Due?

[buffalo2222]

Right! The proof is in official filing. Here it is:

During the fiscal year ended September 30, 2014, the Company increased the authorized number of Common shares four times: On January 14, 2014 the Company increased the authorized from 750,000,000 to 1,500,000,000 shares of common stock; on March 31, 2014, the Company increased the authorized from 1,500,000,000 common stock to 2,500,000,000 shares of common; on May 16, 2014, the Company increased the authorized from 2,500,000,000 common stock to 4,,000,000 shares of common stock; and on September 9, 2014, the Company increased the authorized from 4,000,000 shares of common to 10,000,000,000 shares of common. During the quarter ended December 31, 2014, the Company reduced the authorized from 10,000,000,000 shares of common to 5,000,000,000 shares of common.

[imgoingfishing1]

can anyone show where will shares come from to pay Notes Comin Due?

this is what is going to cause the next change with SS, how will Rob deal with this???