Today is day 8, tomorrow is day 9 so that would give us August 1st as day 10. Starting the first of the month for accounting purposes is easier than trying to close this out at the end of the Month.
The Company elected this option for accounting purposes. CEO Saratu Phillips stated: “This will enable the company to get a more accurate count of shares in DTC and those currently in the hands of active shareholders. We have been mulling over the idea of a possible buy back of shares in the future, and this will help us gauge the potential effectiveness of that.”