Freedom Holding Corp (FRHC)

[HMB2010]

We may abandon the acquisition of either Freedom RU or Freedom CY if it is not completed by December 31, 2016. If we do not complete either of such acquisitions, and if FFIN determines to reapply for and is approved to become a registered securities broker-dealer in the United States and satisfies applicable regulatory requirements, FFIN may nevertheless execute securities transactions of the customers of such Freedom Companies not acquired under introducing, execution, clearing, and settlement arrangements common in the securities industry and at competitive rates. The Acquisition Agreement does not grant to us any right or remedy to rescind our acquisition of FFIN if we do not complete the acquisition of the Freedom Companies because of their failure to provide required audited financial statements, to obtain required governmental approvals to effect transfer to us, or to meet other pre-closing conditions.

This possible reverse split and increase in authorized shares is only a possibility IF and WHEN they decide to reverse merge Turlov's other 2 companies (Freedom KZ and Freedom RU) into BMBM ..... which may never happen. Otherwise, this merger (FFIN) is a done deal. Hoping for info about other acquisitions....4 trading days left in 12/31/2016. FINRA app info to follow 1st Q 2017!