InvestorsHub Logo
Followers 179
Posts 35370
Boards Moderated 20
Alias Born 04/17/2013

Re: None

Saturday, 10/01/2016 2:33:14 PM

Saturday, October 01, 2016 2:33:14 PM

Post# of 14986
From the DEF-14c: "The Reverse Split of the Company's currently issued and outstanding 144,976,421 shares of Common Stock will reduce the number of issued and outstanding shares to 4,832,547 shares, without changing the 200,000,000 authorized shares of Common Stock."

OUCH!!! That's some cruel and unusual punishment of the existing common stockholders. No reason nott to decrease the AS in parallel unless there is MASSIVE DILUTION in the feed tray.

Clearly the purpose of the 1 for 30 RS is to make a ton of headroom for a deluge of newly issued shares coming, nott the BS that Recliner Timmy is extruding ~OUTT of his orifice.