Tuesday, December 15, 2015 2:59:10 PM
- to approve a 500-for-1 reverse split of the Company’s common stock; and
The way this is stated is shareholders would get 500 shares for every 1 they now own, this is a forward split, however, the word 'reverse' means the opposite. Should it say 1 for 500? Something is incorrect here.
A RS would be senseless to do here with just over 23 mill OS. I have seen cases where they do a FORWARD split just before doing a RM with someone.
Time will tell.
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