Grandwon Corp (fka GWON)

[xZx]

considering IHGO is a brand new RM, this is an odd statement:

Our Board believes that, among other reasons, the number of outstanding shares of Common Stock has contributed to a lack of investor interest in the Company and has made it difficult for the Company to attract new investors and potential business candidates. Our Board proposed the Reverse Stock Split as one method to attract business opportunities for the Company. Our Board believes that the Reverse Stock Split could increase the stock price of our Common Stock and that the higher stock price could help generate interest in the Company by investors and provide business opportunities and potentially enable the Company to be listed on the [OTCQX]. However, the effect of the Reverse Stock Split, if any, upon the stock price for our Common Stock cannot be predicted, and the history of similar stock split combinations for companies like us is varied. Further, we cannot assure you that the stock price of our Common Stock after the Reverse Stock Split will rise in proportion to the reduction in the number of shares of Common Stock outstanding as a result of the Reverse Stock Split because, among other things, the stock price of our Common Stock may be based on our performance and other factors as well.

after a 1 for 20 RS they'll have an OS of 1.8M shares, right? the spread was already really wide at .13 X .24, so my guess is they plan to increase the OS substantially by issuing more shares to insiders, lenders, etc., after the RS.

but the question remains, where will they find a float? usually that gets created by funders if convertible notes are on the books.

https://www.otcmarkets.com/stock/IHGO/profile

IHGO Security Details
Share Structure
Market Value1 $8,472,906 a/o Nov 08, 2017
Authorized Shares 40,000,000 a/o Nov 01, 2017
Outstanding Shares 36,209,002 a/o Nov 01, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float Not Available
Par Value 0.0001
Transfer Agent(s) Verified by Transfer Agent
VStock Transfer LLC
Shareholders
Shareholders of Record 15 a/o Feb 21, 2017