80,204,382 oustanding shares AFTER being fully funded at .30 (.23 USD). Insider options were also granted at .30 (.23 USD), which is why i started buying in the .20's...
They wont want to go any lower than their investment and if they were willing to invest $10.5 million, they likely have enough $$$ to keep the stock from dropping lower. They will defend it imo
...and no one invests that much $$$, with no downside protections, in a company they dont believe in. So i dont expect them to just start dumping at the levels they funded the company, once restrictions are lifted.
From the filing, which Sedar wont let me provide a link for...
Closing of Qualifying Transaction
In connection with the Closing, the Company acquired all of the issued and outstanding common
shares of BLOCKStrain, with BLOCKStrain becoming a wholly-owned subsidiary of the
Company. The Company issued one common share to each former shareholder of BLOCKStrain,
on a one for one basis. After giving effect to the completion of the Transaction, the Company has
80,204,382 common shares issued and outstanding (on an undiluted basis), with approximately
9.3% of the shares (on an undiluted basis) held by insiders.
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