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Re: The Skull post# 67771

Wednesday, 04/23/2014 12:36:56 PM

Wednesday, April 23, 2014 12:36:56 PM

Post# of 79352
Skull, according to the filing, "On February 13, 2014, the board of directors of Primco Management, Inc. adopted a resolution approving an amendment to our Articles of Incorporation increasing the authorized common shares from 5,000,000,000 common shares, par value $0.00001 to 25,000,000,000 common shares, par value $0.00001."

That is not what you are calling a "split." Authorized Shares are the total number of shares authorized when the company was created. A vote by the shareholders can increase this number of shares. Just because a company authorized a certain number of shares doesn’t mean it has to issue them to the public and increase the Float. The "Float" is the number of shares available to the public for trading on the open market.

I'm sure that PMCM will retain these unissued shares in its treasury. This way, stock will be handy for future issue instead of using debt to buy another company.

That's not called a "split." That's called good business sense for a company in a new industry. I'm happy to see that they're gearing up for future, profitable acquisitions. Now I'm just waiting for the financing news to be announced...



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