Tuesday, November 24, 2015 4:37:57 PM
Also I like digging into old filings on these shells. Came across this information. I believe it gives us a more accurate look at the actual share total.
The Merger Agreement contemplated that subsequent to the closing of the Merger, the Board of Directors would consider and approve, and submit to the stockholders of NanoSensors for their approval (i) an amendment to its Articles of Incorporation, as amended (the “Articles”), so as to effect a 1-for-100 reverse stock split of NanoSensors Common Stock (“Reverse Split”), which will have the effect of decreasing the number of issued and outstanding shares of NanoSensors Common Stock, after conversion of the NanoSensors Preferred Shares, to 24,178,634 shares and (ii) a reduction in the authorized shares of NanoSensors Common Stock from 950,000,000 to 450,000,000 (the “Reduction of Authorized Shares”). The number of authorized shares of NanoSensors Preferred Stock would remain at 20,000,000. The Reverse Split and Reduction of Authorized Shares are expected to be completed in the fourth calendar quarter of 2008.
Link to filing below.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6201970
Make your own investment decisions. I am not a financial professional.
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