I think you got Phase 2 and 3 combined in #3. I
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Posted On: 02/25/2021 5:05:29 PM
I think you got Phase 2 and 3 combined in #3.
I see it this way.
Phase 1 is issue the $4.5M senior note.
Phase 2 is QMC file missing reports and revise Articles of Incorp to increase Authorized shares so the Senior Note can be converted into 154 million shares.
Phase 3 is Pasaca pays QMC $10.5M for the additional shares (about 770 million) that will give them 51% of the fully diluted common stock.
I see it this way.
Phase 1 is issue the $4.5M senior note.
Phase 2 is QMC file missing reports and revise Articles of Incorp to increase Authorized shares so the Senior Note can be converted into 154 million shares.
Phase 3 is Pasaca pays QMC $10.5M for the additional shares (about 770 million) that will give them 51% of the fully diluted common stock.
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