ComSovereign Holding Corp (COMS)

[coastiretired]

Macrosolve's reorganized shell reduced its authorized shares from 500 million to 400 million. Authorized preferred shares increased from 10 million to 100 million.

While the old Macrosolve shareholders had their holdings reduced to one share for every 50 shares they owned, the Company was busy issuing preferred shares to insiders, holders of convertible and promissory debt, and recent private placements. Much of the preferred shares issued convert one share of preferred to 100 shares of common stock.

You now have a fresh P&D shell with insiders holding large blocks of stock.