Replies to post #58301 on Rimrock Gold Corp (RMRK)

[drugmanrx]

Read the news to day

Let me know if my math is wrong.

Conversion of 400000 perferred at 0.1% of the outstanding which is 2,884,035,141 OS (6/22/23) doesn't that mean that they are going to issue 1.2 trillion shares to BluNutric.

Pursuant to the Agreement, the Company will acquire 100% of the issued and outstanding shares of BluNutric and its controlling interest in subsidiary, BluNutric Australia Pty Ltd. In consideration, the Company shall issue 400,000 Preferred B shares to BluNutric. The Preferred B shares allows the holder to convert any or all of such shares of Preferred B stock into fully paid and non-assessable shares of Common Stock of the Company in an amount equal to one-tenth of one percent (0.1%) of the then issued and outstanding shares of the Companys Common Stock, per share of Series B Preferred stock. Accordingly, the Companys issued and outstanding Preferred B shares will increase from 500 shares to 400,500 shares. I