other material
confidence high
sentiment neutral
materiality 0.50
GBT Technologies acquires 10,000 Touchpoint Series A Preferred shares for $125K, convertible to 10M common
GBT Technologies Inc.
- Purchased 10,000 shares of Touchpoint Series A Convertible Preferred from Marko Radisic for $125,000.
- Each preferred share convertible into 1,000 common shares, totaling 10,000,000 Touchpoint common shares.
- Preferred shares are anti-dilutive; always convertible into 10M common shares regardless of corporate actions.
- Proceeds to be used for Touchpoint's general corporate and working capital needs.