InvestorsHub Logo
Followers 7
Posts 277
Boards Moderated 0
Alias Born 07/15/2007

Re: jeffn post# 133

Friday, 10/05/2012 4:53:52 PM

Friday, October 05, 2012 4:53:52 PM

Post# of 2684
Authorized shares has been increased to 18,000,000,000 shares
That's right 18 Billion shares. 11 billion goes to the new owners. OS would be a little over 11 billion shares. That leaves existing shareholders with very little of the new merged company. I believe a reverse split will occur after new shareholders receive their new stock. 18 billions shares: market can't swallow that much shares

IMHO