Sharing 1 of karma's tea leaves. Hard to believe t
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Posted On: 10/25/2023 9:47:15 PM
Sharing 1 of karma's tea leaves. Hard to believe this
Who actually thinks this 400:1 split won't happen when reading the DEF 14C filed on October 23, 2023 and Pre 14C filed on October 13, 2023.
https://www.marketwatch.com/investing/stock/s...d=17000358
974.75 mil shares to become 244,000 shares?
who are those 974.5 mil shares being freed up for?
remember, the preferred series A (ceo) and series C shareholders (ceo's posse) do not get affected by a Reverse Split. They keep their tens of thousands of shares.
post split price (if today) = $6.40
what's the value of the preferred series A and series C shareholders (VIP club)
Always that 1 stockholder controlling the whole circus.
in my opinion
cheers
Who actually thinks this 400:1 split won't happen when reading the DEF 14C filed on October 23, 2023 and Pre 14C filed on October 13, 2023.
https://www.marketwatch.com/investing/stock/s...d=17000358
Quote:
The Board (ceo & brother-in-law) approved a resolution to give to the Board of Directors (ceo & brother-in-law) of the Company
974.75 mil shares to become 244,000 shares?
who are those 974.5 mil shares being freed up for?
remember, the preferred series A (ceo) and series C shareholders (ceo's posse) do not get affected by a Reverse Split. They keep their tens of thousands of shares.
Quote:
The Reverse Stock Split will not affect the shares of Series A Preferred Stock of which 12,000,000 are issued and outstanding and/or the shares of Series C Preferred Stock of which 275,000 are issued and outstanding.
post split price (if today) = $6.40
what's the value of the preferred series A and series C shareholders (VIP club)
Quote:
The adoption of the foregoing Corporate Actions will become effective 20 calendar days after the posting of this Information Statement.
Quote:
The total aggregate of all of the shares of Series A Preferred Stock as a group are entitled to take action by written consent or vote equal to 84.1% of the total voting shares outstanding. For the approval of the Corporate Actions, the Company received written consents from 1 stockholder of the Company together holding 84.1% of the voting power of the Company .
Always that 1 stockholder controlling the whole circus.
Quote:
CERTIFICATEOF CHANGE
Upon the effectiveness and on the date that is twenty (20) days following the posting of this Information Statement , the Board of Directors shall have the Company’s Certificate of Change filed with the State of Nevada in order to effect the Reverse Stock Split.
in my opinion
cheers
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