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So 37 billion hares outstanding, per the accounting formula?

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PRmaniac   Thursday, 10/05/17 03:50:37 PM
Re: Beerholder post# 12188
Post # of 12797 
So 37 billion hares outstanding, per the accounting formula?
Just kidding. We all know they are likely getting close to 5 billion shares out, after all the dilution they have been doing.

Well, I'm guessing shortly after the reverse split there will be the equivalent of 37 billion shares out, on a pre-reverse-split basis.

FINRA won't approve a revere split for a company so delinquent, but there is hope they can find an accountant someday who is willing to sign-off on the numbers. So far, it doesn't look good for ALKM. Hopefully the SEC doesn't suspend them before they finally get in compliance with securities laws.


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