RE:Is unlocking shares pushing SP down?it is likely those guys are selling. most of them had shares at 0.50
On February 5, 2021, the Company completed a private placement and issued 4,940,000 common shares at a price of $0.50 per share for gross proceeds of $2,470,000 of which $645,000 was received during the year ended December 31, 2020.
The Company issued 2,620,000 common shares with fair value of $1,310,000 to various consultants for the consulting services provided during the nine months ended September 30, 2021. • The Company issued 100,000 common shares with fair value of $50,000 to one of the legal counsels of the Company for the legal services provided the nine months ended September 30, 2021. • The Company issued 100,000 common shares with fair value of $50,000 to a vendor to settle the outstanding payables. This amount was recorded as obligation to issue shares as of December 31, 2020. • In connection with private placements completed during the nine months ended September 30, 2021, the Company incurred share issue costs of $2,005,527 of which $1,786,000 was satisfied by issuing 3,572,000 common shares of the Company.