Replies to post #57923 on Resonate Blends Inc (KOAN)

[madeindet]

Don’t you think the over 1 million raised in Private Placement were going to be issued restricted shares?

Restricted shares issued in 2019 do come off after 1 year

[mdimport]

$KOAN has rising operating expenses, rising capital expenses, and rising debt servicing costs.

Without revenue the simplest mechanism to fund the various accruals is issuing new stock and diluting the company.

The next 30 days may see 4-5 million new shares issued.