Thursday, August 21, 2014 1:55:34 PM
Dec 2007 1:50
Jul 2010 1:10
Nov 2011 1:1000
Apr 2014 1:100
Soon? 1:10
20 x 50 x 10 x 1000 x 10 = 100,000,000. Yes, 100 million!
To address your question, without R/Ss the PPS would be 0.00000000005.
OR the 30 cents a share prior to the first R/S is equivalent to $30,000,000 a share today. (You can see why some longs have no hope -- the just witnessed 1.1 million YAGI dump doesn't instill much hope that any news can fight against this toxicity to move the PPS forward).
The next R/S should be announced prior to filing the Q3 in November. That will be the shortest interval ever between reverse splits. The rationale; maintaining the OTCQB listing. I have heard, however, that R/S cannot be used to maintain the BID above a penny for the OTCQB. Can anyone confirm this?
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