Replies to post #1877 on VirExit Technologies Inc (VXIT)

[OMOLIVES]

Well, it's not much of a theory. The Company essentially states what they are doing in those filings. First in the 10q,which is satisfied via the first DEF14c:

10Q

Each of the convertible notes payable include a debt covenant stating that during the period the conversion right exists, the borrower will reserve from its authorized and unissued common stock a sufficient number of shares, free from preemptive rights, to provide for the issuance of common stock upon the full conversion of the notes issued pursuant to the securities purchase agreement. The borrower is required at all times to have authorized and reserved between five to ten times the number of shares that would be issuable upon full conversion of the note. At April 15,2019, the Company did not have sufficient authorized and unissued common stock to meet the reserve demand of its convertible notes payable, and Management intends to rectify this deficit during the third quarter.

They did that in third third quarter as stated:

DEF14C





Second DEF14C



And again...from "are no present plans"...to "are present plans"...should be self explanatory. Not much speculation needed there.