FYI...After six months (July 29th) Lee can allocat
Post# of 8802
Posted On: 07/26/2016 3:09:04 PM
FYI...After six months (July 29th) Lee can allocate a small portions of his shares to common stock, but that would require changing the A/S. If they do allocate shares to A/S then TALK could, and my guess will request a new CUSIP number.
Requesting a new CUSIP number would force all NSS to be covered and we could see a huge surge in the PPS.
Requesting a new CUSIP number would force all NSS to be covered and we could see a huge surge in the PPS.
Quote:
On January 29, 2016 (“Closing Date”), the Company closed (“Closing”) on the Exchange under the Purchase Agreement pursuant to which the Company acquired 100,000 shares of common stock of UMS held by Mr. Lee, representing all of the issued and outstanding capital stock of UMS, in exchange for issuing 106,250 shares of Preferred Stock of the Company to Mr. Lee and/or his affiliates, convertible into 10,625,000,000 shares of Common Stock of the Company (where each share of Preferred Stock is convertible into 100,000 shares of Common Stock)
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