(Total Views: 619)
Posted On: 12/26/2019 10:09:25 PM
Post# of 75496
two 8k are out can someone explain what is going on?
https://www.otcmarkets.com/filing/html?id=138...emXQTLkmyh
more GHS financing:
The Preferred Stock is convertible to shares of our common stock at a price equal to the lowest daily VWAP for our common stock during the 20 trading days preceding any conversion;
0.021 is the lowest 20 days vwap (from Decvember 20th...not that it changes anything)
https://www.tradingview.com/x/pdjgfVqP/
so GHS has 1,650,000/0.021= 78 millions shares to unload
then this :
Following the initial closing of the Preferred Stock financing, we terminated our existing equity line financing agreement with GHS.
also: that I do not understand
https://www.otcmarkets.com/filing/html?id=138...emXQTLkmyh
from 133 millions to 1 billion shares can now be issued
sooo....potentially new investors on their way??? I do not know
On December 20, 2019, our board of directors and Mr. Smith, acting pursuant to the special voting rights accruing under the Series G Preferred Stock, approved an amendment to our Articles of Incorporation increasing our authorized common stock to 1,000,000,000 shares. Pursuant to Rule 14c-2 under the Securities Exchange Act of 1934, as amended, this amendment will not be implemented until a date at least 20 days after the date on which an Information Statement on Schedule 14C has been mailed to our shareholders.
https://www.otcmarkets.com/filing/html?id=138...emXQTLkmyh
more GHS financing:
The Preferred Stock is convertible to shares of our common stock at a price equal to the lowest daily VWAP for our common stock during the 20 trading days preceding any conversion;
0.021 is the lowest 20 days vwap (from Decvember 20th...not that it changes anything)
https://www.tradingview.com/x/pdjgfVqP/
so GHS has 1,650,000/0.021= 78 millions shares to unload
then this :
Following the initial closing of the Preferred Stock financing, we terminated our existing equity line financing agreement with GHS.
also: that I do not understand
https://www.otcmarkets.com/filing/html?id=138...emXQTLkmyh
from 133 millions to 1 billion shares can now be issued
sooo....potentially new investors on their way??? I do not know
On December 20, 2019, our board of directors and Mr. Smith, acting pursuant to the special voting rights accruing under the Series G Preferred Stock, approved an amendment to our Articles of Incorporation increasing our authorized common stock to 1,000,000,000 shares. Pursuant to Rule 14c-2 under the Securities Exchange Act of 1934, as amended, this amendment will not be implemented until a date at least 20 days after the date on which an Information Statement on Schedule 14C has been mailed to our shareholders.
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