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Tuesday, 02/14/2017 8:32:17 AM

Tuesday, February 14, 2017 8:32:17 AM

Post# of 37
Looks like the reverse split has changed to between 2:1 and 12:1. Why is he doing the reverse after the merger, he just got issued those shares. Seems like he should have done the reverse prior to the merger, then got issued the shares, that's the way it's typically done.

2)A reverse stock split of the Company’s issued and outstanding common stock, in a ratio of not less than one-for-two (1:2), and not more than one-for-twelve (1:12), the specific ratio to be fixed within this range by the Board of Directors in its sole discretion, pursuant to which the number of authorized shares of Common Stock will remain 450,000,000 shares and par value will remain $0.001, following such reverse stock split; any fractional shares post-split will be rounded up to the next whole share.


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