"Using the table below, please provide information, as of the period end date of this report, regarding any officers, or directors of the company, individuals or entities controlling more that 5% of any class of the issuers securities, or any person that performs a similar function, regardless of the number of shares they own."
So, looks like Georgie doesn't have to disclose the 20M common shares he has. That is, if he still has them. But if he does still have them, why not disclose them, in order to be transparent? Why not also add that information in the section "Summarize the issuer’s business operations" where he is glad to state how much money he has spent, and the 300K preferred shares he issued himself?
Perhaps he doesn't want to put that in the fins now because, well, he no longer owns them, and he doesn't want to let shareholders know he made his profits on the commons already?
I think transparency is key here, and the lack of it raises questions. AND if you dare to ask him about anything on Twitter, you get banned for doing so.
Does he or doesn't he have them?? That is the question.
I say, probably not. His motive for including them if he had them in the fins outweighs his motive for not including them, because that would instill confidence with shareholders that he still has that amount of skin in the game.
The only other questions are, when did he dump them and how much did he make from it? The volume on day one of pink limited seems like a likely timeframe to do so.
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