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Monday, September 29, 2014 9:33:31 AM
The ACX common shares issuable in the merger to the pre-merger common shareholders of Registrant, including those common shareholders resulting from the pre-merger conversion of Registrant’s outstanding convertible promissory notes, will represent, collectively, ten percent of all of the ACX common stock issued and outstanding immediately upon the closing of the merger.
The key is that all of the registrant pre-merger common shares (that will be fully diluted) will account for 10% of the ACX common shares.
They do this with the intention of taking out all of the current shareholders.
SO they are telling you exactly what they are going to do - and the people posting about loading up before the merger didn't read or understand the 8-K.
IG
It's easier to fool people than to convince them that they have been fooled
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