How many outstanding shares are there? 10K page
Post# of 15624
(Total Views: 421)
Posted On: 04/18/2017 7:09:36 PM
How many outstanding shares are there?
10K page 27:
OTC Markets shows:
Outstanding Shares 144,719,287 a/o Mar 30, 2017
-Restricted Not Available
-Unrestricted Not Available
https://www.otcmarkets.com/stock/OWCP/profile
Page 71 of the 10K:
Section 16(a) Compliance
Section 16(a) of the Securities Exchange Act of 1934, as amended, requires our Directors and named Executive Officers, and anyone who beneficially owns ten
percent (10%) or more of our Company’s Common Stock, to file with the SEC initial reports of beneficial ownership and reports of changes in beneficial
ownership of Common Stock. Persons required to file such reports also need to provide us with copies of all Section 16(a) forms they file.
Based solely upon a review of (i) copies of the Section 16(a) filings received during or with respect to 2016 and 2017 and (ii) certain written representations of our officers and directors, we believe that the following filings for our current officers and directors required to be made pursuant to Section 16(a) of the Exchange Act during and with respect to 2016 were not filed .
OK, so this last bit was sent to me from a friend I got invested in this stock. IS this a typo, or does this mean some Section 16(a) forms (insider ownership of more than 10%) were NOT filed in 2016?
10K page 27:
Quote:
A large number of additional shares will be available for resale into the public market pursuant to Rule 144, which may cause the market price of our common stock to decline significantly.
Sales of a substantial number of shares of our Common Stock in the public market will become available pursuant to Rule 144 promulgated by the SEC under the Act, could adversely affect the market price of our Common Stock. As of December 31, 2016, we had 81,460,875 shares of Common Stock outstanding, of which 51,278,458 shares of Common Stock are restricted and are subject to the resale provisions of Rule 144 and Regulations D and S under the united States federal
securities laws and the rules and regulations promulgated by the SEC thereunder. As restrictions on resale of other shares of Common Stock expire, pursuant to the
provisions of Rule 144 or otherwise, the market price could drop significantly if the holders of these restricted shares sell them or are perceived by the market as
intending to sell them at any given date or over any particular period of time. When restrictions on resale lapse, and if holders of previously restricted securities sell
a large number of shares pursuant to Rule 144 under the Act, they could adversely affect the market price for our Common Stock, which adverse affect could be
sustained and over which we have no control
OTC Markets shows:
Outstanding Shares 144,719,287 a/o Mar 30, 2017
-Restricted Not Available
-Unrestricted Not Available
https://www.otcmarkets.com/stock/OWCP/profile
Page 71 of the 10K:
Section 16(a) Compliance
Section 16(a) of the Securities Exchange Act of 1934, as amended, requires our Directors and named Executive Officers, and anyone who beneficially owns ten
percent (10%) or more of our Company’s Common Stock, to file with the SEC initial reports of beneficial ownership and reports of changes in beneficial
ownership of Common Stock. Persons required to file such reports also need to provide us with copies of all Section 16(a) forms they file.
Based solely upon a review of (i) copies of the Section 16(a) filings received during or with respect to 2016 and 2017 and (ii) certain written representations of our officers and directors, we believe that the following filings for our current officers and directors required to be made pursuant to Section 16(a) of the Exchange Act during and with respect to 2016 were not filed .
OK, so this last bit was sent to me from a friend I got invested in this stock. IS this a typo, or does this mean some Section 16(a) forms (insider ownership of more than 10%) were NOT filed in 2016?
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