Re: Shares O/S
in response to
by
posted on
Jan 28, 2019 03:39AM
Combining Classic Mineral Exploration with State of the Art Technology
So basically on Oct 31 2018, 561,718,284 shares were issued to satisfy existing note holders, which reduced each of those notes to $0.
Not surprisingly, over 200M shares traded on Nov 1, 196M traded on Nov 2., 70M on Nov 5, 65M on Nov 6 and 60M on the 7th.
So long note holders!
But who kept the lights on if the lenders cashed out?
"In August, September and October 2018, the Company received advances of $53,407 from a director under a promissory note dated October 31, 2018, due October 31, 2019, with interest at 10%, and advances of $10,000 from James Briscoe, under a promissory note dated September 17, 2018, due September 17, 2019, with interest at 10%. As of October 31, 2018, the total balance of these notes was $64,036, which includes accrued interest of $629."
Thank you for stepping up, gentlemen!