Replies to post #75555 on Sustainable Green Team Ltd. (SGTM)

[BeamMeUpScotty]

Note under Additional Details on Wyoming SoS Website - they have only issued 100 preferred shares. However they have created 1m preferred shares.

Seems like the other 9990,000 will be issued to either the entity coming in?

https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=011205223221183024106026072107068219226089044151


So voting control will be passing to another organisation it seems?

As others have stated it looks like a share reduction is coming which is Robert Stevens modus operandi - clean up the shell, do it quickly, then bring the company to market.

An after thought. Here's what reverse merger specialists do they create enough preferred shares with enough voting power to cover the current outstanding share count.

I'm just thinking out loud here .... does that mean that they now only need 100 preferred shares with the relevant voting power that attaches to them to cover the current outstanding share count, because they've been buying back shares in the market which they have yet to inform the market about or that they will be issuing other preferred shares to the new owners of the company effectively giving them control.

One thing I'll say for sure. This stock does not trade anywhere near a stock that has either a VERY substantial part of the float locked up. Or it trades like it has had a huge reduction in the float, possibly reducing it to well under 1bn.

When there's any buying pressure, look how easily it moves up. That strongly suggests that shares are either very tightly held or that there are a lot fewer shares in circulation in the market than people think there are.

As always do your own DD folks.

I'm happy to be here.