Green Hygienics Holdings,Inc. (GRYN)

[Phantom_Trader]

Just stumbled across this one and it's a head scratcher???

"On June 1, 2012, Takedown Entertainment Inc. (the “Company”, “we”, “us”) filed Articles of Merger with the Nevada Secretary of State to change the name of the Company to “Green Hygienics Holdings Inc.”, to be effected by way of a merger with its wholly-owned subsidiary Green Hygienics Holdings Inc., which was created solely for the name change."

"Also on June 1, 2012, the Company filed a Certificate of Change with the Nevada Secretary of State to give effect to a reverse split of the Company’s authorized and issued and outstanding shares of common stock on a one (1) new for 2,000 old basis and, consequently, the Company’s authorized capital shall decrease from 375,000,000 to 187,500 shares of common stock and the Company’s issued and outstanding shares of common stock shall decrease from 82,816,641 to 41,408 shares of common stock, all with a par value of $0.001."


So if I'm to understand that correctly...a company that was tanking decreases the A/S to 187,500 and O/S to 41,408 and merges into a new company that they created? I don't think I ever seen a situation where the A/S was actually lowered so dramatically as well....I can't see how this will ever have a trade with that share structure and these circumstances.

Just has to comment cause thought this one was pretty bizarre.