Replies to post #18217 on Resonate Blends Inc (KOAN)

[mdimport]

$TXHD isn't doing a share reduction. It's a share conversion from Common to Series C Preferred.

A share reduction (the rumor) would have been Wais cancelling his shares. That clearly didn't happen.

"...Textmunication Holdings, Inc. (OTC-PINK: TXHD), a cloud-based mobile SMS marketing platform provider, filed an 8-K on May 10, 2017 detailing an Exchange Agreement with CEO and Chairman, Wais Asefi. The agreement exchanges Mr. Asefi's 1,750,000,000 shares of common stock for 2,000,000 shares of newly created Series C Convertible Preferred Stock. Mr. Asefi now holds 250M shares of restricted common stock. The transaction was filed with the Nevada Secretary of State on May 9, 2017...."



The announcement today (the news) gives even more scope for Common shares to be diluted by toxic debt holders.