Can somebody shed some light for me... Currently there are 51,910,000 common shares issued and outstanding. Bio-Matrix Scientific Group Inc. owns 50,000,000 of these issued common shares. Bio-Matrix plans on distributing 20,000,000 of its shares to Bio-Matrix shareholders of record on March 18, 2014 (with a pay date subject to SEC and FINRA approvals). After the distribution of 20,000,000 shares, Bio-Matrix Scientific Group will still be a majority owner of Regen BioPharma, as it will own 30,000,000 common Regen BioPharma Inc. shares.
Been a while since I looked at this PR, where did the 1,910,000 shares go? Koos Insider shares? As I understand it the full 20,000,000 Regen shares were distributed to shareholders, what shares are currently being bought by insiders? Is it the 30,000,000 that BMSN is holding? TIA
Also ..."with a pay date subject to SEC and FINRA approvals"... Was the pay date the day we recieved shares or the date we are able to trade them?