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JonnyBGood

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JonnyBGood

Re: lflhdy post# 37662

Tuesday, 08/30/2016 12:28:17 AM

Tuesday, August 30, 2016 12:28:17 AM

Post# of 127559
If you look at the last short paragraph of Note 6: Stockholders equity on page F-10 of the last Annual Report dated 12/31/2015 it states:

"As part of a capital restructuring the Company intends to convert its Series C Preferred Stock into restricted common shares and to reverse split its common shares in 2016."

It was discussed at length but we thought it would happen later after the stock went to somewhere between .001 and .01. Totally caught us off guard. We burned him in effigy on this blog several times.
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