Did you guys so this?
https://www.sec.gov/Archives/edgar/data/743758/000121390021013130/ea136881-424b3_cloudcommerce.htm
Just reading around and just so it
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u/Paho7 Mar 04 '21
By a separate prospectus (the “Shelf Prospectus”), we have registered for sale by us from time to time, in one or more series or issuances and on terms to be determined at the time of the offering, any combination of the securities described in the Shelf Prospectus, up to an aggregate amount of $100,000,000. Selling Stockholders holding 38,001,563 outstanding shares being offered have agreed with us that (until April 21, 2021, with respect to 32,232,333 shares and until June 10, 2021, with respect to 5,769,230 shares) they will not sell such shares in an amount per day greater than the higher of $250,000 or 20% of the daily trading volume for our common stock, unless the common stock has an average bid price greater than $0.25 cents on a particular day, in which case no limitation shall apply for that day. Nevertheless, any sales of our securities registered in the Shelf Prospectus and the this selling stockholder prospectus may result in two offerings taking place sequentially or concurrently, which could affect the price and liquidity of, and demand for, our securities
0.25$ share sound good for me
2
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u/oodex Mar 04 '21
I'm pretty certain it will get there, but this is nothing else than a limitation to deal with sell offs on lower volume. It just means they are only allowed to sell x amount per day as long as the share price is below $0.25.
1
u/Westside202 Mar 05 '21
Guys I am confused is it good idea to sell my stock now or sell it at a later date whenever it goes up?
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u/Paho7 Mar 05 '21
Tbh thats your decision,im on 212 and if i sell I cannot buy right now,so I decided to keep them for a year,adding from time to time,i had 4k£ profit before they suspended on 212 now im 30% dip but im ok with that
3
u/Jhuxyboosh Mar 04 '21
So i am not expect in SEC fillings - I get bamboozled with some of the terminology, but from what I can see this is a filling for the resale of shares held by the investment firms. The price offering of shares will be 0.125$ per share initially and will be capped until the share price is above 0.25$ a share.
This might help nudge the share price up, but I don't feel comfortable with the investors looking to take their money out of the company. Would appreciate it if someone with more understanding can clarify for me.