Replies to post #61187 on Resonate Blends Inc (KOAN)

[Toronto_Trader]

Agreed. The company has been transparent. Their communications have just been misunderstood. Some hopeful investors assumed their $100 million market cap target was going to be achieved without an o/s increase? Both are increasing together and everybody is a winner here!

$KOAN

[RMD1]

WRONG: they said they were issuing 100 million shares to the A/S to cover possible conversions. Now that they SAY the notes are paid off, they have not dropped it at ALL. You guys are also wrong when it comes to Reserve Shares. Reserved shares are authorized shares that are set aside for issuance in the future. Most common are the stock option plans. The reserved shares are part of the total number of AUTHORIZED SHARES, but the corporation may not issue them, except under the stock option plan or for a third party. This is when a corporation issues a warrant to a third party to purchase stock. If such warrant holder exercises the warrant, the corporation then needs to have enough shares reserved to issue to the warrant holder.

Once the corporation raises money by issuing preferred stock, a certain number of authorized shares must be reserved for the conversion of the preferred stock into common stock.

I was registered with the SEC for 13 years. I am right you are wrong.