Saturday, April 02, 2016 12:24:26 AM
The only thing I have stated is that the O/S will go up if the proposed R/S takes place. You have yet to prove that wrong.
The preferred Series D & F shareholders would now have common stock and will also be able to sell their common shares, unless there is a restriction.
Here's an example of the common shares Lateral Entities will convert into:
Using the numbers provided in that proxy filling:
46,386,220 shares of Common Stock divided by 20 = 2,319,311 shares of Common Stock
1,994,200 shares of Series D x 20 = 39,884,000 shares of common stock issued
917,461 shares of Series F x 20 = 18,349,220 shares of common stock issued
Current O/S = 46 Million Common Shares
O/S after reverse split = 60,552,531 Million Common Shares
The preferred Series D & F shareholders would now have common stock and will also be able to sell their common shares, unless there is a restriction.
Here's an example of the common shares Lateral Entities will convert into:
Using the numbers provided in that proxy filling:
46,386,220 shares of Common Stock divided by 20 = 2,319,311 shares of Common Stock
1,994,200 shares of Series D x 20 = 39,884,000 shares of common stock issued
917,461 shares of Series F x 20 = 18,349,220 shares of common stock issued
Current O/S = 46 Million Common Shares
O/S after reverse split = 60,552,531 Million Common Shares
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