Replies to post #22137 on Auscrete Corporation (ASCK)

[piker86]

Here is the text from the May 10-Q last year about the massively diluting self payments they made. Reported in May, but the reverse split and payments happened in 2018.

"During July 2018 the company performed a reverse split in the ratio of 1 for 1,000.

There were 57,227,427 shares issued and outstanding as of December 31, 2018.

During the Period January 1, 2018 to December 31, 2018, the Company issued 56,456,751 shares based on post-split numbers Including, for services rendered, the following were issued on 8/17/2018:

35,000,000 shares to our Company CEO, John Sprovieri for Management Services.

5,500,000 shares to Kathleen Jett, wife of (deceased) Director, Clifford Jett for Director services

2,000,000 to Director (retired), William Beers. for Director Services.

2,500,000 to IR director, Lee Odom for IR services.

5,000,000 to Kimberly Grimm for Management Services.

The above shares were issued for previous services to the Company and were valued at the share price on the day of issue.

During the Period January 1, 2019 to March 31, 2019, the Company issued 5,658,759 for note conversions."

[brando5]

That's great you put in a complaint with the SEC concerning their absurd self payments last time. That may have helped deter it or at least the severity of it this time. Thank you. That would hurt the, stock like it did last time if they were to do it again therefore, since they say sales and revenue alone will drive this up, and since they will now have earnings and a business to protect and learned from their careless mistake, that most likely won't happen at least such a harsh and ridiculous amount.