Shift-4
1 day ago
To me, it looks like they filed to authorize an RS at any time (but they don't have to). then finalized the deal.
The RS filing tanked the stock, but contained language that they can cancel at any time (they made sure this language was included in each area containing RS statement).
Then they announced the fundraising deal just after the price tanked.
So they ran it up, dumped, possible RS news tanked stock, finalized financing deal (so rs may no longer be necessary), reloaded.
Next step is cancel the RS --> run it --> financiers make $
JMO.
Someone else thinks so too; who loads 65m worth of shares that'll lose 95% of their value shortly in an RS?
-$
RDY2ROCK
2 days ago
https://www.otcmarkets.com/filing/html?id=17687994&guid=3QO-kHt-e8ECJth
AB INTERNATIONAL GROUP CORP.
Up to 4,500,000,000 Shares of Common Stock
This Prospectus Supplement No. 1 supplements the prospectus dated July 8, 2024, relating to the resale by the Selling Stockholder of up to 4,500,000,000 shares of common stock, par value $0.001 per share (the “Common Stock), of AB International Group Corp. (“AB International,” “we,” “us”, “our” or the “Company”), a Nevada corporation. Shares amounting to 3,000,000,000 shares of Common Stock are purchasable by Alumni Capital pursuant to the terms and conditions of the Purchase Agreement that we entered into with Alumni Capital on June 13, 2024 (the “Purchase Agreement”). Pursuant to the Purchase Agreement, we have the right to “put”,” or sell, at our discretion, up to $5,000,000 worth of shares of Common Stock to Alumni Capital. This arrangement is also sometimes referred to herein as the “Equity Line” and the $5,000,000 amount is sometimes referred to herein as the “Commitment Amount.” The 3,000,000,000 shares of Common Stock to be issued in connection with the Purchase Agreement would only represent approximately $420,000 using 70% of the lowest daily VWAP for the five days ending on July 3, 2024, which is far below $5,000,000 (the full amount of the Purchase Agreement). As a result, given our stock price, we may only be able to raise a small portion of the entire commitment amount under the Purchase Agreement