Thursday, August 13, 2015 1:49:50 PM
The PR state that a program will be in place as early as this summer for a share reduction.
Holder of common shares would be given preferred (type A) share in a ration of 1 preferred to 50 commons. All common shares exchanged would then be return to treasury. So the share reduction will happen as soon as the conversion program is in place.
The new preferred share would give to its holder the privilege to receive court money IF it is won in court.
The proportion or the amount per share is still to be define but surely will be only a fraction of the 67% received by CMGO (33% going to the "financers" of the case as per the other PR).
Recent CMGO News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/19/2024 09:07:16 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/08/2024 07:28:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 02:05:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 08:30:36 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 11/17/2023 02:59:10 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 09:02:08 PM
FEATURED SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • Oct 3, 2024 7:00 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM
Unitronix Corp Unveils Cryptocurrency Investment Portfolio Strategy • UTRX • Oct 2, 2024 8:40 AM