Share Structure - Updated October 19, 2024 Veri
Post# of 2042
Verified Company Profile
Transfer Agent Verified
No change in 33 days
Authorized Shares:22,000,000,000
Outstanding Shares: 15,160,268,251
Restricted: 940,101,702
Unrestricted: 14,220,166,549
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: After the 100M reduction in Outstanding Shares on April 23, there was no increase until September 16 - total 146 days.
Note 4: The reason for the increase on September 16 is awaited - possibly for acquisition(s) using shares rather than cash - update soon [source: 'X' update September 18]
Note 5: More share cancellations planned [source: 'X' update April 29, 2024]
Note 6: Intention for share buyback ahead confirmed [latest source: PR June 24, 2024]
Note 7: No reverse split confirmed again (for the 9th time) [latest source: PR June 24, 2024]
Note 8: 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 9: The company also has a comprehensive plan to raise $100M for future acquisitions and investments
Note 10: 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 11: Market capitalization is projected to surpass $200 Million - fulfilling a criteria for uplisting [latest source: 2024 Shareholder Update Letter]
Note 12: Even before the future planned reductions and later share buyback, a market cap of $200M (higher expected) divided by the current Outstanding Shares would equate to a pps of .0132
Note 13: ABA assets / rights sold for $4.5M - update coming regarding use of these funds - eg what portion might be used for a share buyback [source: Update on September 10]
Note 14: A buyback of 50% of the float is now also planned. This would reduce the O/S by 4.9 Billion leaving 9.3 Billion and for a market cap of $200M would equate to a pps of .0215 [source: update July 31, 2024]
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