Love the following part: company can issue UNLIMITED SHARES. Unbelievable dilution here aster the recent 500 million financing. Look below. They also state warrants cannot be sold under $1.50 post split. THAT MEANS THAT REVERSE SPLIT MUST BE OVER 200:1.
Shares. The Company is authorised to issue an unlimited number of Class A Ordinary Shares. Each Share will, (i) when issued in accordance with the Registration Statement and the duly passed Resolutions, (ii) once consideration per Share is received by the Company, and (iii) once the name of the shareholder is entered on the register of members of the Company as the holder of the Share, be validly issued, fully paid and non-assessable (which term means when used herein that no further sums are required to be paid by the holders thereof).