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daveyo

10/12/16 7:52 PM

#15453 RE: daveyo #15452

Ok I just went through the whole report. The authorization of 2,335,606,702 was correct for what was OUTSTANDING on June 30th

Shares outstanding as of Dec 31,15 -986,356,702
Kit Jennings gets on May 31,16 -400,000,000 restricted shares.
Robert Wharff gets on May 31,16 -100,000,000
Restricted shares.
Shares issued via conversion of convertible debt -849,250,000
Total amount of shares Issued and outstanding on June 30 2016 - 2,335,606,702

The only way the restricted shares went down and the OS went down would be Either Kit or Robert gave back some restricted shares. All of those 2.3 bil were in peoples hands.

The debt holder has 849,250,000 shares that were issued on June 30th that have no restrictions. So I bet they have been selling for months.