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Alias Born | 11/08/2011 |
Wednesday, May 14, 2014 12:49:58 PM
"....December 30, 2013 to (a) effect a reverse stock split of the Company’s common stock by a ratio of one-for-seven hundred fifty (1:750) and (b) reduce the number of authorized shares of common stock from 1,500,000,000 to 50,000,000..."
Doing the math pre-split.....the company actually INCREASED the A/S from 1.5 billion to 375 billion, THEN did a 1:750 reverse split to arrive at the 50 million A/S structure.
Putting it another way, have you ever seen a stock with 375 billion A/S trading at $0.000027?
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