Hi cash. You are correct as to the financial information but they are also required to put material event information in there that has happened up to the date of the reports filing which was yesterday. And, management also talks about their plans for the next year. It’s basically a ‘no surprises’ report. It does have a couple of items that are interesting. Contrary to what was said the 8.5m of warrants issued on August 8th this year were not all given to Kenneth Le .. he only got 2m of that. 6.5m is not disclosed. I believe it is juice (or as the 10-Q says for ‘services rendered’) for the investment bank handling the uplist.
Those warrants can’t be exercised until at least August 2020 and some are later than that.. ... assumption? .... someone thinks we should be much higher than .2299 by August 2020 and maintain that much higher sp by August 2021, 2022, and 2023 for a 2 or 3 year option period thereafter ... and we already know the $1m investor is locked up with shares and warrants between .06 and .08 until Feb/Mar 2020. So, don’t want to be close to that then. So, the warrants give a positive expectation of long term growth or they would fall into the useless category if not exercised in the future.
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