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Replies to post #29866 on IDO Security, Inc. (fka IDOI)
imgoingfishing1
04/24/18 1:02 PM
#29867 RE: Value_Investor #29866
In order to close the Merger Agreement, we will need to issue to the Minera shareholders 7.6 billion shares of our common stock representing approximately 95% of our outstanding common stock. We currently have approximately 400,000,000 common shares outstanding, representing approximately the total amount of authorized common shares and which, following the consummation of the Merger, will represent approximately 5% of our outstanding common shares. Accordingly, we are required to increase our authorized common shares to 10,000,000,000 to be able to issue to the Minera shareholders in the Merger the consideration shares.
excel
04/24/18 6:06 PM
#29868 RE: Value_Investor #29866
The CH7 Bankruptcy Liquidation will be filed very soon based on its terrible financial balance sheet!