Sunday, September 28, 2014 7:43:53 PM
I explained very carefully what your 100 million shares would be worth in the new company.
You are confusing a reverse merger with a reverse split.
A reverse merger is used for a private company to go public without filing a registrations statement. This is never a good thing for existing shareholders of the failed public company.
Like I pointed out you stated you owned 100 million shares of NOHO which was 4% of the A/S (I am skeptical) - after the merger you will own 0.004% of the A/S of ACX.
Your shares were worth $10,000 and in the new company they are worth $10!
The details are in the 8-K.
IG
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