FPFI's share structure is a little worse than I thought. I received this email from the transfer agent today. They will have to authorize more shares to complete the acquisition of Giddy Up's assets. Depending upon how many of the remaining authorized shares are not earmarked for debt equity conversions, we might be looking at 10 billion authorized shares. And, since almost all of FITX's shares are outstanding shares, we could be looking at almost 10 billion outstanding shares of FPFI. That is friggin' UGLY. They will absolutely have to do a R/S in order for the PPS to get & maintain any value. So, even though we may be getting a 1:1 share distribution up front, we really won't be. If they do a 1:100 R/S, that'll reduce the authorized shares to a more manageable 100 million shares. They might go with a higher A/S & O/S count of 1:50, but be prepared for 1:100 just in case.
For those that don't have FB
