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Wednesday, 12/06/2017 10:11:00 PM

Wednesday, December 06, 2017 10:11:00 PM

Post# of 6378
Running, I am not a securities expert. I read the prospectus and here is the quote from page 30. I had to remove the chart titles due to the screwed up copy.



"Effect of Reverse Split on Number of Authorized Shares Available for Issuance



As of October 18, 2017, we had a total of 15,515,698 of our 200,000,000 authorized shares of common stock either issued or reserved for (i) exercise of options granted or future grants available under the 2007 Stock Incentive Plan; and (ii) exercise of outstanding warrants. The table below illustrates the effect on the number of authorized shares of the common stock available for issuance as a result of each potential reverse split ranging from a 1-for-2 split to a 1 for 10 split, based on 100,056,988 shares of common stock outstanding as of October 18, 2017, assuming that the 2017 Stock Incentive Plan is approved by stockholders. While the number of authorized shares remains constant, the effect of a reverse split would result in an increased number of available authorized unissued shares. The numbers shown below assume that fractional shares are rounded up to one whole share in accordance with the description set forth under the heading “Effect of Reverse Stock Split Resulting in Fractions of A Share.”



1 for 2 63,786,343 200,000,000 136,213,657
1 for 3 42,524,229 200,000,000 157,475,771
1 for 4 31,893,172 200,000,000 168,106,828
1 for 5 25,514,537 200,000,000 174,485,463
1 for 6 21,262,114 200,000,000 178,737,886
1 for 7 18,224,669 200,000,000 181,775,331
1 for 8 15,946,586 200,000,000 184,053,414
1 for 9 14,174,743 200,000,000 185,825,257
1 for 10 12,757,269 200,000,000 187,242,731


Here is the key sentence in the paragraph:"While the number of authorized shares remains constant, the effect of a reverse split would result in an increased number of available authorized unissued shares."
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