GREY:IVITF - Post by User
Comment by
display_nameon Jan 08, 2019 10:25am
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Post# 29199876
RE:PODA Announces Share Consolidation and Acquisition of Calif,
RE:PODA Announces Share Consolidation and Acquisition of Calif,"Post-consolidation share for approximately four and one half (old) pre-consolidation common shares resulting in 24.9 million common shares outstanding post-consolidation."
"The Company has also granted an aggregate 4,050,000 incentive stock options to certain officers, directors and other eligible persons of the Company. The options are exercisable, subject to vesting provisions, over a period of three years at a price of $0.035 per share."
So consolidating to 24.9 mil shares @ ~7.2 cents/share and immediately giving insiders a 50% discount on a volume of shares that will dilute existing value by 16% (volume basis).
Someone said Dan was joining the PODA senior team - inclined to believe it lol.