Wednesday, January 21, 2015 2:34:03 PM
Here are the numbers based on the 2014 Qtr. 3 filing and after a r/s:
Current compared to R/S
Authorized Shares 4,500,000,000 vs 100,000,000
Par Value $0.001 vs $0.001
Shares Outstanding 4,498,891,910 vs 4,498,892
Current Share Price $0.0002 vs $0.20
Authorized shares simply means the total shares that can be issued overall. The total outstanding shares have to be less than the total authorized shares.
The current outstanding shares of 4,498,891,910 would be divided by 1,000 (reverse split), so that there would be 4,498,892 outstanding after the r/s. After the r/s the amount of shares that could still be issued would be the total authorized (100,000,000) less the shares outstanding after the r/s (4,498,892), or 95,501,108.
The Par value remains the same - $.001
The actual stock price goes from $.0002 to $0.20 due to the reverse split.
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