If all these corporate actions are approved, it's in no way in the best interest of current shareholders... Treaty Energy/Trimerica is trying to royally screw current shareholders. Treaty and the gang of cons say they are doing all this for thier "loyal" shareholders... Lord what a load of crap... The reality is it is nothing of the sort.
The planned reduction of the A/S from the current common of 2,250,000,000 to 645,000,000 shares is actually an INCREASE in the A/S by 266.66%. What the fair thing to do for current shareholders is to reduce the A/S by the SAME amount as the R/S of 1 for 11.5 to 195,652,174 shares...
Also Treaty has AGIAN got thier math wrong... The current O/S of 1,947,554,895 is not 1,778,202,295 and 1,778,202,295 divided by 11.5 is 154,626,289.52, not 169,352,600 (rounded up)... 1,947,554,895 divided by 11.5 is 169,352,599.56(169,352,600 rounded up)
7,417,500,000 A/S 645,000,000 * 11.5 = 7,417,500,000. The FAIR thing to do for current investors would be to reduce the common A/S from the current 2,250,000,000 to 195,652,174... That's 2,250,000,000 / 11.5... But Nooooooo... Treaty is only reducing the common A/S to 645,000,000 a 266.66% increase...
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