Poptech, you switched the numbers when you did your division. If YA paid $2.5 million for 300 million shares of common stock, then they bought it at 0.0083333 per share. (2,500,000 / 300,000,000 = 0.00833333). Therefore, I would say, NO, it was not fair. Shares were selling more than that. NEOM should have been sold to the public to gain the funds they needed.
So, how many of these pinksheet stocks have CEO's and board of directors who draw salaries of hundreds of thousands to millions of dollars, because they pretend that they are running a business? If they were legitimate, you would think that they would accept a salary based on a low percentage of the earnings of the company.
These abundant scams are new to those of us who were raised to actually "work" (real work) for our gains.
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