ReelTime’s Dilution Diminished by 20 Million Arising From Negotiated Settlement in Their Favor
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SEATTLE, WA, May well 26, 2021 (World NEWSWIRE) — by using NewMediaWire — ReelTime VR/ReelTime Media (OTC:RLTR) has minimized the possible dilution by 20 million shares as a end result of a profitable negotiated settlement with one particular of its strongest supporters.
The agreement entered into on July 15th, 2018 delivered for 25 million shares to be issued over five a long time has been renegotiated to give a overall of 5 million shares. This minimizes the formerly obligated dilution by 20 million shares. The shares have been attained but not issued as of 5-26-2021 and will be reflected in the Corporations upcoming filings.
The negotiated settlement coincides with ReelTime’s credit card debt restructuring initiative to dramatically lower the probable dilution and financial debt as it carries on to put together to up record to the NASDAQ Capital Markets.
Barry Henthorn, CEO, commented, “We are extremely pleased to have been effective in achieving an agreement that minimizes the probable dilution by 20 million shares. We are in the course of action of reaching other further preparations with several our investors to even more minimize the prospective dilution and to minimize the debts on the company’s guides. As I have mentioned beforehand, individually, as 1 of the most significant holders or control persons of the financial debt I totally aid this initiative and entirely assume it to enhance shareholder value in each the short and lengthy phrase.”
Other modern information:
ReelTime Acquires 100{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} of LoudMouth Media from CBMJ – Expanding Scope and Distribution
ReelTime Tv Channels Incorporating 40 million Apple Tv Consumers to Probably Access Over 140 Million Month-to-month Active Users
ReelTime Tv Channels Adding 50 Million Amazon Fire Television End users to Roku’s 51.2 Million Every month Energetic End users, Exceeding Cable, Satellite Opportunity Reach Mixed
ReelTime to Launch Roku Channel ReelTime Television to 51.2 Million Every month Active End users, Growing Articles Distribution and Promoting Revenues Utilizing Technology
ReelTime has formally submitted an application as a Seasoned Business Trying to find to Transfer Fairness and/or Financial debt Securities from A different U.S. Trade to be detailed on the NASDAQ Capital Current market Trade. The application has been logged in the NASDAQ Listing Centre, all relevant fees have been paid, and a listing analyst has been assigned to ReelTime to assist during the procedure. In addition, the ask for for a new symbol (NASDAQ: RT) to be reserved for ReelTime to trade below once the Organization has fulfilled all quantitative and qualitative standards, such as particular corporate governance prerequisites, has been approved. ReelTime will continue to post added data and documentation as it is expected based mostly on remarks from its assigned Listing Analyst and many others at NASDAQ who will be helping ReelTime, assuring that they satisfy all the needed skills for NASDAQ Money Markets securities in Rule 4300 and or any other applicable regulatory specifications. ReelTime will also need to have to adhere to the company governance specifications set by NASDAQ. In addition, ReelTime ought to comply with NASDAQ’s specifications relating to audit committees, the director nomination system, the payment of officers, board composition, govt periods, quorum, and code of carry out, amongst other individuals.
ReelTime will proceed to trade on the OTC Markets less than the symbol (OTC:RLTR) throughout the process and up until eventually the transfer to the NASDAQ Capital Market results in being helpful, at which time the ticker image will come to be (NASDAQ: RT).
The NASDAQ Capital Industry presents companies the expected money in get to mature their business. The NASDAQ Money Current market also provides a listing venue that promises to accommodate the various stages of company lives of the companies. All firms that are mentioned on NASDAQ Cash Sector need to fulfill all the required qualifications for NASDAQ securities in Rule 4300. The providers also need to adhere to the company governance benchmarks set by NASDAQ.
ReelTime has engaged Pinnacle Accountancy Group of Utah (“Pinnacle” a dba of the PCAOB-registered audit company Heaton & Organization, PLLC) to complete an independent audit of the Firm’s money statements. The audit will be done according to the guidelines established forth by the NASDAQ Listing Demands and the Community Organization Accounting Oversight Board auditing expectations. Pinnacle is one particular of the major firms in and all over the United States and overseas. Its partners and employees have delivered audit services for SEC registrants given that 2001 and are highly professional dealing with the complicated auditing and accounting troubles struggling with community firms.
ReelTime Media attained a technologies/computer software license and progress settlement with Baristas (OTC:BCCI) “Munchie Magic.” The licensing settlement secures Munchie Magic global perpetual, exclusive accessibility to use the technological know-how and methodologies developed by ReelTime that allow the digital restaurants to integrate with its companions, onboarding, marketing, and administrative features for use with the Munchie Magic Virtual Restaurant or other convenience store shipping concepts. The agreement also allows for Munchie Magic to develop in live performance with ReelTime or independently derivatives and/or stand-by yourself methodologies. In trade for the world perpetual, exceptional license from ReelTime for the Munchie Magic idea and ease retail outlet spinoff Virtual Restaurants, ReelTime will get a for every transaction license payment of $.35 in perpetuity in conjunction with the terms of the agreement commencing on Jan. 1st, 2021. Baristas “Munchie Magic” has opened far more than 50 spots in the earlier nine months delivering Ben & Jerry’s ice cream, treats, and warm food items to customers by using supply companions DoorDash, GrubHub, and Uber Eats. www.munchiemagic.com in WA Point out and has now expanded into Oregon, California, Illinois, and Arizona as properly.
ReelTime VR (OTC PINK:RLTR) verified that the patent application selection 15/654,613, titled Simultaneous Spherical Panorama Picture and Online video Capturing Process, has formally been issued as U.S. Patent Selection 10,761,303 September 1, 2020. The term of the patent is 20 yrs and 247 days from the earliest submitting day of the patent application, calculated to be March 23, 2038. Although the unique technology allows any mobile cellphone or other camera to instantaneously capture 360 X 360 Virtual Fact Video clip or images without the need of any want for stitching, the patent offers protection from infringement from any capturing of a plurality of pictures employing at least a single mirror. This spans a extensive vary of industries and utilizes.
About NASDAQ Money Markets: Nasdaq is a global engineering corporation serving the capital markets and other industries. Its diverse featuring of info, analytics, software, and services allows customers to optimize and execute their enterprise eyesight with self confidence. A numerous c
ollection of more than 4,000 companies pick to checklist on Nasdaq’s U.S., Nordic and Baltic exchanges, representing industries these kinds of as retail, well being treatment, finance, and engineering. In the U.S., Nasdaq is the listing location of decision for lots of of the world’s most enjoyable corporations. The Nasdaq Inventory Sector has a few distinct tiers: The Nasdaq World wide Pick Market®, The Nasdaq Global Market®, and The Nasdaq Capital Market®. Applicants should fulfill particular financial, liquidity, and corporate governance prerequisites to be authorized for listing on any of these market tiers.
About ReelTime Rentals, Inc. d/b/a ReelTime Media: www.reeltime.com is a publicly-traded business based mostly in Seattle, WA (OTCPK:RLTR). ReelTime Media supplies close-to-conclusion creation capabilities and price reduction media getting that is redefining how providers are assessing and buying their Tv, radio, print, and other new media. ReelTime is also is in the business of producing, generating and distributing Virtual Truth Material and systems. We have an finish to finish output, modifying, and distribution abilities for inner and external initiatives. ReelTime Presently makes 3 ongoing collection for the Samsung Equipment VR platform and distributes them about various VR delivery portals, including Gear VR, Oculus, Veer VR, HTC Vive, YouTube 360, Fb, and other folks. ReelTime Media also publishes the ebook “It Was Generally Me! Edward Edwards, the Most Prolific Serial Killer of All Time,” which has been the matter of a include story on People Journal, Rolling Stone, In Contact, and a 6-component collection on Paramount network, www.itwasalwaysme.com.
Get hold of:
Barry Henthorn
[email protected]
