other material
confidence high
sentiment neutral
materiality 0.75
Gold Rock Holdings issues 194.98M restricted shares; insider control rises to 84.4%
GOLD ROCK HOLDINGS, INC.
- Issued 194,983,305 restricted shares under Section 4(2) to Merle Ferguson and Richard Kaiser.
- Ferguson received 120,238,095 shares; Kaiser received 23,333,333 shares for expenses and employment.
- Post-issuance, Ferguson controls 72.1%, Kaiser 12.3%, together over 84% of voting shares.
- Total outstanding shares after issuance are 231,053,636.
- Shares are Rule 144 restricted and thinly traded; cash value cited as likely below accounting value.