Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock quoted on the OTCQB under the Symbol "PVOTF". Our common stock was listed for quotation on April 13, 2010.
The following table reflects the high and low bid information for our common stock obtained from Stockwatch and reflects inter-dealer prices, without retail mark-up, markdown or commission, and may not necessarily represent actual transactions.
The high and low bid prices of our common stock for the periods indicated below are as follows:
OTC Bulletin Board (1)
Quarter Ended
High
Low
January 31, 2017
$
0.145
$
0.02
October 31, 2016
$
0.16
$
0.04
July 31, 2016
$
0.375
$
0.073
April 30, 2016
$
0.90
$
0.20
January 31, 2016
$
1.10
$
0.80
October 31, 2015
$
1.07
$
0.35
July 31, 2015
$
0.37
$
0.01
April 30, 2015
$
0.40
$
0.00
January 31, 2015
$
0.068
$
0.00
___________
(1) Over-the-counter market quotations reflect inter-dealer prices without retail mark-up, mark-down or commission, and may not represent actual transactions.
As of April 28, 2017, there were approximately 52 holders of record of our common stock. As of such date, 75,647,114 common shares were issued and outstanding.
Our common shares are issued in registered form. ClearTrust LLC, 16540 Pointe Village Drive, Suite 206, Lutz, Florida 33558, telephone number (813) 235-4490, is the registrar and transfer agent for our common shares.
Dividend Policy
We have not paid any cash dividends on our common stock and have no present intention of paying any dividends on the shares of our common stock. Our current policy is to retain earnings, if any, for use in our operations and in the development of our business. Our future dividend policy will be determined from time to time by our board of directors.
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Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities
Other than as set out below, we did not sell any equity securities which were not registered under the Securities Act during the year ended January 31, 2017 that were not otherwise disclosed on our quarterly reports on Form 10-Q or our current reports on Form 8-K filed during the year ended January 31, 2017.
On June 21, 2016 and June 28, 2016, we issued 500,000 and 100,000 shares of our common stock, respectively, to two (2) consultants for strategic advisory, investor and public relations services. We relied on Regulation D and/or Section 4(2) of the Securities Act of 1933.
On September 29, 2016, we issued $379,718 of convertible debentures through private placement. We relied on Regulation D and/or Section 4(2) of the Securities Act of 1933.
Equity Compensation Plan Information
Except as disclosed below, we do not have a stock option plan in favor of any director, officer, consultant or employee of our company.
Convertible Securities
As of April 28, 2017, we had 15,520,833 outstanding options to purchase shares of our common stock at exercise prices ranging from $0.05 to $0.70 and exercisable until January 23, 2022. As of April 28, 2017, we had outstanding warrants to purchase 434,622 shares of our common stock at exercise price of $0.10 and exercisable until March 30, 2017.
Purchase of Equity Securities by the Issuer and Affiliated Purchasers
We did not purchase any of our shares of common stock or other securities during our fourth quarter of our fiscal year ended January 31, 2017.
Item 6. Selected Financial Data
As a “smaller reporting company”, we are not required to provide the information required by this Item.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.