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Forum - Pinks and BB (DIEGO PELLICER WORLDWIDE INC - DPWW)    Pinks And BB Top Stock Picks

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From: efbailey (Rep: 1750) reply to HARLUMDate: 06/13/2018 13:57
Forum: Pinks and BB - Msg #127311 - List DPWW msgs Thread #674015138 (Rec: 0)
Re: Re:dilution though , right ? #1 dispensary in Seattle, #3 in Denver. low ...

yeah, wonder when it ends?

During the three months ended March 31, 2018:
Holders  of  convertible  notes  converted  $401,914  of  notes  and  $23,171  of  accrued  interest  into  25,615,827  shares  of  common  stock  valued  at  $890,774.
Additionally, 196,983 shares, valued at $18,713, for the conversion of notes, were authorized but not issued as of March 31, 2018. Shares authorized but unissued
at December 31, 2017 totaling 370,450 shares were issued during 2018.
The Company issued 809,994 common shares as security for the payment of convertible notes. The shares, valued at $26,730 are held in escrow, are refundable
and are recorded in a contra equity account.
We sold 880,005 shares of common stock and received proceeds of $20,872. Of these shares,395,005 valued at $9,777, were not issued as of March 31, 2018. We
issued 336,071 shares of common stock that were sold in 2017 and classified as shares to be issued at December 31, 2017.
We issued 10,312,394 shares of common stock, valued at $140,380 as share-based compensation to related parties. Additionally, 25,000 shares, valued at $7,500,
were  authorized  to  be  issued  for  related  party  services,  but  were  not  issued  as  of  March  31,  2018.  We  issued  20,827,986  shares  of  common  stock  that  were
authorized as share-based compensation to related parties in 2017 and classified as shares to be issued at December 31, 2017.
We issued 437,902 shares of common stock, valued at $15,433, for services. Additionally, 1,071,245 shares, valued at $36,400 for services, were authorized but
not issued as of March 31, 2018. We issued 1,968,335 shares of common stock that were authorized as share-based compensation in 2017 and classified as shares
to be issued at December 31, 2017.
We issued 13,381,637 shares of common stock for payment of a related party note in the amount of $166,354, plus accrued interest of $21,658.
We issued 1,500,000 shares of common stock, valued at $47,254, were issued to settle accounts payable to a consultant.
We issued an excess 5,464,891 shares of common stock to a related party; these shares are in the process of being cancelled.
As a condition of their employment, the Board of Directors approved employment agreements with three key executives. This agreement provided that additional
shares  will  be  granted  each  year  at  February  1  over  the  term  of  the  agreement  should  their  shares  as  a  percentage  of  the  total  shares  outstanding  fall  below
prescribed  ownership  percentages.  The  CEO  received  an  annual  grant  of  additional  shares  each  year  to  maintain  his  ownership  percentage  at  10%  of  the
outstanding stock. The other two executives receive a similar grant to maintain each executive’s ownership percentage at 7.5% of the outstanding stock. At March
31, 2018, there is $1,359,777 accrued for the annual grants at February 1, 2018, representing 38,525,196 shares. We recorded compensation expense of $144,554
for the three months ended March 31, 2018, resulting from the decline in shares price at the vesting date of February 1, 2018. We issued 5,562,806 shares of
common stock that were accrued in 2017 and classified as shares to be issued at December 31, 2017.



Reply to HARLUM - Msg #127307 - 06/13/2018 13:24

Re:dilution though , right ? #1 dispensary in Seattle, #3 in Denver. low on chart $4mil cap. reported .01 ...
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