Tonight's $MILV share structure improvement news, confirms part of what I claimed would happen in Late November.
The Custodian just returned 640 Million of the 825 Million shares he issued to himself as a control block to insure he had total vote control of the shareholder's meeting and I presume to make sure no old paper from 11 years ago could be dug up or manufactured to try to illegally print shares.
It also confirms my claims in Late November last year that no R/S would be done.
That leaves the custodian with 185 Mil shares for his expenses, that could still be paid off in cash and those remaining 185 mil shares could be handed over to the folks bringing in the Biotech assets, in exchange for the Biotech assets.
It is still not 100% crystal clear what the final share structure will be, but it does vindicate my claims over 3 months ago that there would be no R/S and that most of the 825 mil shares would vanish, and 640 Mil of them just went Poof, and vanished.
That means the new officers/directors have at least 640 Mil shares of the AS unused now and available ensuring no need for a R/S. I kind of doubt the 185 mil shares will stay with the custodian either.
That is one one hell of a fat paycheck at say 10 to 25 cents a share. for now they are restricted and add to the market cap.
That leaves the current OS at 375 Mil shares and the float at 290 Mil shares.
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