Western Capital Resources, Inc. (WCRS)

[Renee]

E-ore (my friend, FWIW) gives his interpretation on the WCRS reverse schplitt on the Reverse Splits board:


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125072952

e-ore Member Level Friday, 09/09/16 07:34:12 PM
Re: sidedraft post# 12822
Post #
12823
of 12829 Go
"If the reverse stock split is effected, then every 5,000,001 shares of our outstanding common stock will be combined into 5,000,000 shares of outstanding common stock. We will not, however, issue any fractional shares as a result of this reverse stock split. Instead, any resulting fractional shares will be rounded up to the nearest whole share of common stock. So for example, if you were a holder of 88.25 shares of common stock, then your post-split would be determined by multiplying your 88.25 shares by 5,000,000 (resulting in a product of 441,250,000), and then dividing that product by 5,000,0001 (resulting in a quotient of 88.2499824); and the resulting fractional share would be rounded up so that you would have 89 full shares after giving effect to the reverse stock split. Similarly, if you were a holder of 10,100 shares, then your post-split would be determined by multiplying your 10,100 shares by 5,000,000 (resulting in a product of 50,500,000,000), and then dividing that product by 5,000,0001 (resulting in a quotient of 10,099.998); and the resulting fractional share would be rounded up so that you would have 10,100 shares after giving effect to the reverse stock split.
The reverse stock split will affect all holders of our common stock uniformly and will not affect any stockholder’s percentage ownership interest in our Company in other than a nominal manner."

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11536691