Replies to post #48744 on Funr (FUNR)

[Farmboynate]

I didn't realize there was no Preferred shares so most likely those shares are owned by the company and a control block like everyone thinks

So if 51% of shares are for control block then there would be around 1,485,447,530 shares that aren't really in the float or going to be sold then there would be around 1.42 b left after that and 500 million or so Alex held that should be retired putting the real number in the float around 900 million which If I recall correctly that was what showed up in a filing a while back


from their filing

"Any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act),
directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting
securities;
(ii) The consummation of the sale or disposition by the Company of all or substantially all of the Company’s assets;
(iii) A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are directors immediately prior to
such change; or
(iv) The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities
of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving
entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding
immediately after such merger or consolidation.
OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v3 February 2021)