Share Reduction in Layman's Terms as explained by
Post# of 40991
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Posted On: 09/23/2017 6:17:15 PM
Share Reduction in Layman's Terms as explained by Vance on the other site:
As of last reported financial statement on 9/15/17:
Authorized Shares:
5,030,000,000
Outstanding Shares:
3,813,547,369
Preferred Shares:
30,000,000
The Preferred have No Common Share Value!(First pic below from Financial Statement)
They are super voting shares Only, at a vote conversion of 5000 votes for 1 Preferred Share!(2nd pic below)
The retirement of the Preferred Shares will reduce the Authorized Share Count to 5 billion!
Steve was given 1.5 Billion shares of Restricted Common Stock. These shares Are a part of the Outstanding Share Count! However, Steve has indicated he would like to convert those to Preferred Shares! This would reduce the Outstanding Share Count by 1.5 Billion Shares, and still give Steve the Voting Rights of that amount of shares. He also was given the right to purchase 50 Million shares of Restricted stock at .0001 a share, And he gets options for 70 Million Shares at reduced rates broken down over a 7yr period! He also is compensated as outlined in the statements below.
So basically we can assume the following after share reductions:
Authorized Shares:
5,000,000,000
Outstanding Shares:
2,313,547,369
Preferred Shares:
1,500,000,000 (Voting Only at 1:1)
This is only posted to help with any confusion about the recent PR regarding share reduction. The information is based on the ONCI Financial Statement. I do not know if the A/S or O/S will be increased or reduced to accommodate any future plans, or if there are any other reductions planned. Invest at your own risk!
As of last reported financial statement on 9/15/17:
Authorized Shares:
5,030,000,000
Outstanding Shares:
3,813,547,369
Preferred Shares:
30,000,000
The Preferred have No Common Share Value!(First pic below from Financial Statement)
They are super voting shares Only, at a vote conversion of 5000 votes for 1 Preferred Share!(2nd pic below)
The retirement of the Preferred Shares will reduce the Authorized Share Count to 5 billion!
Steve was given 1.5 Billion shares of Restricted Common Stock. These shares Are a part of the Outstanding Share Count! However, Steve has indicated he would like to convert those to Preferred Shares! This would reduce the Outstanding Share Count by 1.5 Billion Shares, and still give Steve the Voting Rights of that amount of shares. He also was given the right to purchase 50 Million shares of Restricted stock at .0001 a share, And he gets options for 70 Million Shares at reduced rates broken down over a 7yr period! He also is compensated as outlined in the statements below.
So basically we can assume the following after share reductions:
Authorized Shares:
5,000,000,000
Outstanding Shares:
2,313,547,369
Preferred Shares:
1,500,000,000 (Voting Only at 1:1)
This is only posted to help with any confusion about the recent PR regarding share reduction. The information is based on the ONCI Financial Statement. I do not know if the A/S or O/S will be increased or reduced to accommodate any future plans, or if there are any other reductions planned. Invest at your own risk!
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