MNGA-reverse split and dilution.
TAMPA, Florida, May 19, 2017 /PRNewswire/ --
MagneGas Corporation (MNGA), today announced that it has filed a Certificate of Amendment to its Certificate of Incorporation to effect a 1-for-10 reverse stock split, effective as of 5:00 p.m. Eastern Time today. The reverse stock split was effected by MagneGas in accordance with the authorization adopted by MagneGas stockholders at the Special Meeting of Stockholders held on May 17, 2017.
Also going from 90mil to 190mil on the share structure.