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Posted On: 05/07/2019 2:55:28 PM
Post# of 40990
According to my calculations, as of 4/23/19, Canouse entities still had 115 million shares left to sell. Plus there is still the matter of LG Capital and $55K to be settled (likely in shares). Another $25K hasn't matured yet (JP Carey) and we still have no idea if SB has taken out additional notes that we don't know about.
AS was within 30 million shares of being maxed out. SB has to increase AS or do a RS. He has no other choices unless he moves to CO, drops the 1.4 billion shares. However he needs Owens approval to remove his name from the Preferred Shares (which apparently hasn't happened yet) and he needs to update his HEXA filing (and if he can't get Owens approval, there's no reason for him to update).
Caught between a rock and a hard place right now imo.
AS was within 30 million shares of being maxed out. SB has to increase AS or do a RS. He has no other choices unless he moves to CO, drops the 1.4 billion shares. However he needs Owens approval to remove his name from the Preferred Shares (which apparently hasn't happened yet) and he needs to update his HEXA filing (and if he can't get Owens approval, there's no reason for him to update).
Caught between a rock and a hard place right now imo.
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