08/02/2019 COMMON MICHAEL KRUEGER 500,000 08/02/2019 COMMON LAUREN KRUEGER 500,000 08/02/2019 COMMON JEFFERY KRUEGER 13,250,000 08/05/2019 COMMON EMMANUEL KRAMER 5,732,825
Probably some form of restricted shares and I believe it's stated in the LOI that a convertible of 10M shares is being considered (conversion rate has yet to be announced). The problem with no increase in Authorized shares is , who would agree to a deal that promised shares that were yet to be Authorized? What happens when a Conversion is requested and there aren't any shares available and shareholder approval, for an increase is denied? I'm not even sure a PubCo. can even issue a convertible without having a reasonable expectation that there will be enough Authorized shares (AS)+. My initial suggestion that I believe an increase of AS supports the speculation that a deal is still on the table. Simple