Jaybeaux..Page 6 of the proxy. ""upon effectiveness of the reverse stock split, the number of authorized shares of our class A common stock that are not issued and outstanding would increase from approximately 41,194,000 to approximately 95,597,00, 113,731,000 or 122,798,000 shares depending on whether the split ratio determined by the board of directors is 1:2, 1:3 or 1:4, respectively."
Thats an increase not a decrease. It's complicated to me but that how it works. bottom line, issue more stock, print more money.
Keep the salaries and bonuses going. unbelievable.
