AMMO Inc (POWW)

[Mr. Bill]

The "official RS" likely to be 25 to 1 has not yet been announced.

If one looks at the last 8K
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11762433

One sees:
On January 3, 2017, Retrospettiva, Inc., a California corporation (the "Company") and AMMO, Inc., a Delaware corporation ("AMMO"), executed a binding Letter of Intent ("LOI") whereby the Company and AMMO will execute a Plan of Merger Agreement ("Definitive Agreement") in which the Company will acquire 100% of AMMO in exchange for up to 18,000,000 shares of common stock of the Company (the "Acquisition") .

At Closing RTRO will issue up to 18,000,000 RTRO Shares to AMMO in exchange for 100% of the ownership interest of AMMO. At Closing, after the issuance of the 18,000,000 RTRO shares, RTRO will have approximately 18,557,036 shares of common stock issued and outstanding.

From 10Q:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11686158

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 14,425,903 shares of common stock outstanding as of November 10, 2016.

14,425,000 / 25 = 577,000