Johnstown
1 month ago
MRES .0062 yesterday, how low today for this SCAM ticker, kept telling you, but no one wanted to listen, CEO is a CROOK plain and simple, lies all the time, and produces nothing but dilution, oh well
redspeed
2 months ago
Big Move?
Pay attention. Here's what I said...
The warrants may eventually go away if the share price lingers for another 9 months. I'd be more concerned about the 35,800,000 class B shares that maybe people aren't aware of it\f they didn't read the filing.
35,800,000 x 50 = 1,790,000,000
When are the class B shared getting canceled? LMAO
Too bad I get in the way of PnDs
redspeed
3 months ago
The warrants that were given out in March, beginning of June, end of June, beginning of August do expire in 18 months from the date of issue so currently none have expired.
The strike price, which is also known as the exercise price is $0.005, which is the price you can purchase the stock. So currently those warrants are 'in the money'.
The $0.02 is the price the company has the ability to call the warrants meaning force the holder to exercise it. This is a nice way to raise cash if needed.
So while the 1,347,635,075 warrants @ $0.005 are currently 'in the money' since the share price is higher @ 0.0092, if they were exercised and sold, it would crash the share price which is an anomaly anyway as typically the share price would be around the private placement price of $0.0003. Wouldn't surprise me if it starts drifting there now that people know you can buy shares at that price by reading the filing.
The warrants may eventually go away if the share price lingers for another 9 months. I'd be more concerned about the 35,800,000 class B shares that maybe people aren't aware of it they didn't read the filing.
35,800,000 x 50 = 1,790,000,000
redspeed
3 months ago
All those locked up shares that were given out at .0003-.0004 last summer scare the hell outa me. Well, it wasn't last Summer. They dropped the offering price to $0.0003 3/31/2023.
What's interesting is people that were buying above a penny or two. They must not read filings.
Starting Page 4
PREFERRED STOCK CLASS A:
Total shares outstanding: 8,540,000 as of date: 12/31/2023
PREFERRED STOCK CLASS B
Total shares outstanding: 35,800,000 as of date: 12/31/2023
Each Preferred B share is convertible into Fifty (50) Shares of Common Stock at par at the option of the holder.
COMMON STOCK CLASS A
Total shares outstanding: 2,371,424,113 as of date: 12/31/2023
Series A Warrants
Total warrants outstanding: 1,347,635,075 as of date: 12/31/2023
The Series A Warrants entitle the holder to subscribe for [color=red]one Common share at $0.005 USD[/color] (0.5 cent per share) and shall expire 18 months after issuance. The Company shall have the option to call the warrants by cash exercise provided the Volume Weighted Average Price per share is above $0.02 USD for a period of ninety days before the Company calls the Warrants. The exercise price shall be payable in cash to theCompany at the time of exercise.
https://www.otcmarkets.com/otcapi/company/financial-report/393762/content
Johnstown
3 months ago
MRES .0096 my confidence is Higher, I know I will get low 008's and 007s again and flip this scam between 11-13, I keep telling you how to make $$$$ here hopefully may listen, but mgmt are cons, and need cash, lookout below, LOL