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I-Glow

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I-Glow

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Re: Bernie-UK post# 30317

Monday, 01/26/2015 3:05:37 PM

Monday, January 26, 2015 3:05:37 PM

Post# of 87250
I think today's PR was a example more than a cast in stone 1:10 reverse split - he was giving a example of why it is dilutive.

Straight from the PR: [quote][Example: in a 1-for-10 reverse split, each shareholder will own one-tenth the number of shares as previously, but at the time of the split each share is worth ten times the pre-split price.]

Why in the 14A give a range of the reverse split if they were going to do a 1:10 R/S?

I have always seen a exact ratio but in this case the ratio is left to the BOD to decide.

I haven't looked at previous filings - is the shareholder vote only a few that hold a majority of the shares. That way a date isn't important.

That was a prelim filing with no date for the shareholder vote. They will need to issue a final version and today's PR implied 1/10.

We will soon find out.

IG

It's easier to fool people than to convince them that they have been fooled

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