other material
confidence high
sentiment neutral
materiality 0.50
CEO Ron Levy converts $49,600 salary into 31M shares at $0.0016 each
Crypto Co
- Conversion of $49,600 accrued unpaid salary into 31,000,000 common shares at $0.0016/share.
- Conversion price based on 5-day VWAP, approved by independent board member.
- Issuance exempt from registration under Rule 506(b) of Regulation D.
- Transaction reported as unregistered sale of equity securities.