Read the below from Soulman’s post. He makes a good argument. Not saying it is right, or I am right. It’s very confusing.
The only thing I disagree with is the receiver shares being free trading. I think they will remain restricted for now.
After closing of merger:
Share structure:
Authorized :1,400,000,000
Outstanding : 1,273,330,060
Restricted : 1,145,997,540
Float : 127,333,060
Figured out by:
Authorized found by latest 8k filing updating articles if incorporation
Restricted calculated:
9,000,000 shares of HSH times the exchange rate in the agreement of 127.33306 gives you the restricted. They get 90% of the new HSMG/VRTY
Float
Receiver gets 9% = 114,599,754
These were issued on 8/27/2020
Shareholders get 1% = 12,733,306
A reverse split could happen , but need to see if the receiver made their money. They aren't going to take a lost on their own investment. If they haven't been selling think we are okay
News 
Market Data 
Discover 
