InvestorsHub Logo
Followers 43
Posts 3009
Boards Moderated 0
Alias Born 09/23/2013

Re: cj 13 post# 5593

Friday, 04/01/2016 10:25:54 PM

Friday, April 01, 2016 10:25:54 PM

Post# of 7213
I suggest you read it again, you seem to be the only one arguing. Everyone else agrees with me:

"Upon consummation of the Reverse Split, every twenty shares of the Company's issued and outstanding common stock will be automatically converted into one issued and outstanding share of common stock, with no change in par value per share. As part of the reverse merger agreement dated June 19, 2013, upon effectuation of a reverse split, each one share of the Preferred Series D and F stock will convert into twenty shares of common stock. The Preferred Series A and A1 do not convert and will remain with it's preferred preferences unchanged. No fractional shares will be issued following the Reverse Split."

http://www.otcmarkets.com/stock/FTNW/news/FTE-Networks-Announces-1-for-20-Reverse-Stock-Split?id=127149&b=y

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.