(Total Views: 557)
Posted On: 12/27/2018 11:32:29 AM
Post# of 865
Here is a link to the SEC filing authorizing the share increase.
Looking at the Q's, my conclusion is the shares are increased to add leverage to the company AND structuring to leave the Pink and go the listed board (the old AMEX, now NYSE jr). Based upon the Q's its only a matter of time. The shares in the field have not increased so everything is still tightly held. I personally believe RTON is going to sky rocket in price.
https://www.sec.gov/Archives/edgar/data/15802...def14c.htm
INFORMATION STATEMENT PURSUANT TO SECTION 14
OF THE SECURITIES EXCHANGE ACT OF 1934
AND REGULATION 14C AND SCHEDULE 14C THEREUNDER
NOTICE OF ACTIONS TO BE TAKEN PURSUANT TO THE WRITTEN CONSENT OF STOCKHOLDERS
To The Stockholders of Right On Brands, Inc.:
NOTICE IS HEREBY GIVEN that the Board of Directors has received approval, pursuant to the written consent of stockholders in lieu of a special meeting, dated November 6, 2018 (the “Written Consent”) to amend the Company’s Articles of Incorporation to: increase the number of authorized shares of common stock from 100,000,000 shares to 500,000,000 shares.
This Information Statement is being mailed on or about November 29, 2018. The above action will be taken on or about December 19, 2018, twenty (20) days after the mailing of this Information Statement.
Looking at the Q's, my conclusion is the shares are increased to add leverage to the company AND structuring to leave the Pink and go the listed board (the old AMEX, now NYSE jr). Based upon the Q's its only a matter of time. The shares in the field have not increased so everything is still tightly held. I personally believe RTON is going to sky rocket in price.
https://www.sec.gov/Archives/edgar/data/15802...def14c.htm
INFORMATION STATEMENT PURSUANT TO SECTION 14
OF THE SECURITIES EXCHANGE ACT OF 1934
AND REGULATION 14C AND SCHEDULE 14C THEREUNDER
NOTICE OF ACTIONS TO BE TAKEN PURSUANT TO THE WRITTEN CONSENT OF STOCKHOLDERS
To The Stockholders of Right On Brands, Inc.:
NOTICE IS HEREBY GIVEN that the Board of Directors has received approval, pursuant to the written consent of stockholders in lieu of a special meeting, dated November 6, 2018 (the “Written Consent”) to amend the Company’s Articles of Incorporation to: increase the number of authorized shares of common stock from 100,000,000 shares to 500,000,000 shares.
This Information Statement is being mailed on or about November 29, 2018. The above action will be taken on or about December 19, 2018, twenty (20) days after the mailing of this Information Statement.
(1)
(0)
