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Re: ronbate2004 post# 11138

Thursday, 02/09/2017 12:38:02 PM

Thursday, February 09, 2017 12:38:02 PM

Post# of 14985
According to the last Q, which was presented on the basis of post-reverse split it is. And also the 13-G is based on a reverse split - that's why the small number of shares is reported to be over 6 percent of the OS now issued to NITE (KCG Americas LLC).

Lazy Recliner Timmy simply hasn't gotten around to having FINRA process the RS and issue a new CUSIP so the TA can replace the pre-split shares.

As disclosed in the last Q, the results were shown on the post-RS basis of a 1 for 30 reverse split.

Or was Recliner Timmy lying in the last Q and also in the 13-G just filed based on information the company would have provided as to the OS?

From the last 10-Q:

"Common Stock Split

On September 13, 2016 we declared a reverse split of our common stock. The formula provided that every thirty (30) issued and outstanding shares of common stock of the Corporation be automatically split into one (1) share of common stock. Except as otherwise noted, all share, option and warrant numbers have been restated to give retroactive effect to this split. All per share disclosures retroactively reflect post-split shares."


https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11647095