PERRIS, Calif., May 24, 2019 (GLOBE NEWSWIRE) — Gopher Protocol Inc. (“Gopher” or a “Company”) now announced that on or about May 17, 2019 a third celebration institutional financier (the “Investor”) holding a Senior Secured Redeemable Convertible Debenture antiquated Dec 3, 2018 (the “Debenture”) destined Gopher’s send representative to haven all remaining certified though unissued and above-board shares for a conversions underneath a Debenture. Further, a Investor also submitted a “Delivery Notice,” antiquated May 17, 2019, that was perceived by a Company’s Transfer Agent in honour of a Investor’s ask for a distribution of 21,638,095 (the Delivery Notice was for 31,137,366 shares, reduction 9,499,271 formerly issued) shares of a Company’s common stock. The distribution of a 21,638,095 shares to a Investor compared with a Delivery Notice resulted in a Investor owning in additional of 10% of a now released and superb shares of a Company’s common stock
Due to a component of control over a Company’s finances and operations compared with a reservation and a Investor’s tenure surpassing 10% of a released and superb shares of common stock, Gopher believes that a Investor has turn an “affiliate” of a Company, as that tenure is tangible in Rule 144(a)(1).
About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCPINK: GOPH) (“Gopher”) (http://gopherprotocol.com/) is a development-stage association that considers itself a local IoT creator, building Internet of Things (IoT) and Artificial Intelligence (AI) enabled mobile record platforms. Gopher has a portfolio of Intellectual Property that, when commercialized, will embody intelligent microchips, mobile and confidence applications and protocols, and ancillary cloud software. Gopher’s complement envisions a origination of a tellurian filigree network. The core of a complement will be a modernized microchip record that can be commissioned in any mobile or bound device worldwide. Gopher envisions this complement as a low-cost, secure, private filigree network between any enabled devices, providing common processing, modernized mobile database management/sharing and extended mobile facilities as an choice to normal conduit services.
Certain statements contained in this press recover might consecrate “forward-looking statements”. Forward-looking statements yield stream expectations of destiny events formed on certain assumptions and embody any matter that does not directly describe to any chronological or stream fact. Actual formula might differ materially from those indicated by such forward-looking statements as a outcome of several critical factors as disclosed in a filings with a Securities and Exchange Commission located during their website (http://www.sec.gov). In further to these factors, tangible destiny performance, outcomes, and formula might differ materially since of some-more ubiquitous factors including (without limitation) ubiquitous attention and marketplace conditions and expansion rates, mercantile conditions, bureaucratic and open process changes, a Company’s ability to lift collateral on excusable terms, if during all, a Company’s successful growth of a products and a formation into a existent products and a blurb acceptance of a Company’s products. The forward-looking statements enclosed in this press recover paint a Company’s views as of a date of this press recover and these views could change. However, while a Company might elect to refurbish these forward-looking statements during some indicate in a future, a Company privately disclaims any requirement to do so. These forward-looking statements should not be relied on as representing a Company’s views as of any date successive to a date of a press release.
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Doug Davis, CEO
Gopher Protocol Inc.
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