Share Structure - Updated August 31, 2024 Trans
Post# of 2137
Transfer Agent Verified
No change - no dilution since the 100M reduction on April 23 - 130 days
Authorized Shares:22,000,000,000
Outstanding Shares: 12,760,268,251
Restricted: 940,101,702
Unrestricted: 11,820,166,549
Note 1: It is only the Unrestricted Outstanding Shares count that is relevant to immediate trading.
Note 2: Only one convertible note holder remaining that has agreed not to convert their debt into shares until 2025. [latest source: PR dated June 24, 2024]
Note 3: More share cancellations planned [source: 'X' update April 29, 2024]
Note 4: Intention for share buyback ahead confirmed [latest source: PR June 24, 2024].
Note 5: No reverse split confirmed again (for the 9th time) [latest source: PR June 24, 2024]
Note 6: The company has now received approval to use the non-dilutive EB-5 Immigrant Investor Program to raise $20M for its current projects [latest source: 2024 Shareholder Update Letter].
Note 7: The company also has a comprehensive plan to raise $100M for future acquisitions and investments.
Note 8: The company also has $600K in cash coming in for 3 x ABA Canada license fees [sources: PR dated March 11, 2024 + Update August 12, 2024].
Note 9: The company also has secondary funding of $50M coming in to support its African, Canadian and US 6-picture film slate [source: Update on March 14, 2024].
Note 10: Market capitalization is projected to surpass $200 Million - fulfilling a criteria for uplisting [latest source: 2024 Shareholder Update Letter].
Note 11: Even before the future planned reductions and later share buyback, a market cap of $200M (higher expected) divided by the Outstanding Shares would equate to a pps of .0156.
Note 12: A buyback of 50% of the float is now also planned. This would reduce the O/S by 4.9 Billion leaving 7.8 Billion and for a market cap of $200M would equate to a pps of .0256 [source: update July 31, 2024].
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