Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | OTC: FOMC | Common Stock | Sale | -$2 | -1.38K | -0.03% | $0.00* | 5.3M | Oct 4, 2021 | Direct | F1, F2 |
transaction | OTC: FOMC | Common Stock | Sale | -$3 | -2.59K | -0.11% | $0.00* | 2.3M | Oct 5, 2021 | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Prior to these sales, I had 1,500,000 Preferred B shares, which convert 1:1,000 to Common shares. This month, FOMC granted conversion of 60,000 of my Preferred B shares to 60,000,000 Common shares. FOMC currently has 6.57 billion outstanding shares. I understand that by Rule 144, I am eligible to sell up to 1% of the outstanding shares within a given 90-day period. I have started selling the 60m available and eligible Common shares each day with a rhythm that is up to 10% of the daily volume with a cap of 6m shares per day. On days when the volume exceeds 95m shares, my broker is selling up to 9m shares, if the stock is trading above the previous day's closing price. |
F2 | I received the shares in a cashless transaction to sell my business Purge Virus, LLC to FOMC, and the proceeds of the sale will help me pay prior obligations and costs incurred to develop the business. |