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lbcb123

02/18/18 12:33 PM

#1957 RE: bhonda #1954

May 2015 until you find the last 144 stock that was issued. The same stock that would have been eligible to sell over 2 years ago



The FACT is that any Rule 144 stock issued over 2 years ago would now be free-trading. The presence of this statement PROVES that Rule 144 stock MUST have been issued within the past 6 months:

From their last 10-K:
we believe that approximately 87,739,892 shares are currently restricted but are presently eligible or become eligible to become free trading under Rule 144 under the Securities Act of 1933, as amended, in the next six months.

That proves that the last Rule 144 issue was later than two years ago or there would not be a huge amount eligible to trade "in the next six months".

From the latet 10-Q:

The overall decreases in operating expenses resulted in our net loss of $360,127 for the three months ended November 30, 2017 as compared to the net loss of $379,864 for the three months ended November 30, 2016.

Net cash flows provided by financing activities for the three months ended November 30, 2017 and November 30, 2016, was $185,000 and $243,217 respectively.

They burned $360,127 in the latest quarter and only had net financing cash flow of $185,000. Where do you think the difference came from?