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Re: investorman85 post# 30901

Wednesday, 01/14/2015 10:19:02 PM

Wednesday, January 14, 2015 10:19:02 PM

Post# of 33394
"However, today most stocks are issued with either a very low par value (such as $0.01 per share) or no par value at all."
http://www.investopedia.com/ask/answers/106.asp


Example: if you own 5 million shares at .0002 you have $1000. After RS value of stock moves to .001 but you own 5,000 share that are worth $1000

You will be voting on proposals to:

amend the Company’s articles of incorporation to recapitalize the Company, by reverse-splitting the outstanding common stock 1,000-to-one and reducing the authorized common stock to 100,000,000 shares, par value $0.001