None of that is in the 8k so I’m assuming you just googled that...and yes, under normal circumstances, unregistered shares can’t be sold etc...
But here is what is in the 8k:
“The securities sold in the private placement were issued in reliance on an exemption from registration under Regulation S of the Securities Act of 1933,”...
They are claiming an exemption of the registration regulation...apparently believing they don’t have to be registered...
they can issue all the unregistered shares they want...they don’t need anyone’s permission or an exemption to do so...
In the 8k it says the warrants are exercisable now...Why would the warrants be exercisable now and not the shares?...what’s the difference?...
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