InvestorsHub Logo
icon url

Elliot09

04/26/20 1:05 PM

#1527 RE: Stef07 #1526

Steph07: I don't think reversing the AOTS deal is possible. A more direct approach would be to freeze the 19.25 million shares of AOTS that PRHL holds at this time and review the distribution of those AOTS shares to the rightful PRHL shareholders. The problem is, on May 4, 2019, the Record Date, there were 623,836,828 shares of PRHL issued and outstanding. On July 15, 2019 there were 1,341,293,851 shares of PRHL issued and outstanding. Here is where the issue lies. Who got those shares and why did they get those shares. I think a thorough review of those issued after May 4, 2019 is where the question lies. Someone has to look at that activity closely. I think all our questions will be answered if that review is accomplished. Issuing shares after the record date is unheard of and that needs to be resolved.