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Posted On: 10/28/2019 2:01:56 PM
Post# of 102854
$HTSC No convertible debentures here, 100,000 shares of Series C convertible preferred is held by the CEO, but he has 144 selling limitations - The only possible seller is the former CEO who has 4.9% of the company in common stock, and that is it! see below where he received 2,503,500 shares to retire all debt, all accrued interest a 1 million shares of convertible preferred. Brilliant move! 2,503,500 is 4.99% of the company, why? because they also took back 76,114,285 shares into treasury from the former CEO. So outstanding stock is 50,070,149.
From the balance sheet: Common stock, $.001 par value; 400,000,000 shares authorized, 126,184,434 shares issued, 50,070,149 shares outstanding.
2,503,500 is 4.99 percent of 50,070,149
From the balance sheet: Common stock, $.001 par value; 400,000,000 shares authorized, 126,184,434 shares issued, 50,070,149 shares outstanding.
2,503,500 is 4.99 percent of 50,070,149
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