Replies to post #33010 on Greater Cannabis Company Inc (GCAN)

[Sprycel]

I believe it important to post the entire excerpt to that part of the filing, especially the (2) footnote! Selective wording is always dangerous to believe until you see all the information! It goes to legitimacy of the statement!

Common stock offered by the Selling Shareholder


30,000,000 shares of common stock(1)



Common stock outstanding as of the date of this prospectus


55,339,815 shares of common stock. (2)

(1)
The shares registered hereunder shares are issuable upon conversion of the Notes or in payment of interest on the Eagle Note.
(2)
The number of shares of our common stock outstanding (a) includes 10,124,000 shares in the Selling Shareholder’s reserve for conversion under the Note with our transfer agent, which will not be issued until the Company receives a Notice of Conversion but which are included as outstanding shares, but does (b) not include (i) 470,599, 900 shares issuable upon conversion of outstanding notes payable or our Series A Convertible Preferred Stock; and (ii) additional shares of common stock which may be issued upon conversion of the Notes.