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Tuesday, February 28, 2017 12:33:12 PM
In addition to the 1:1,000 reverse, the new amendment also reduces the AS to 10B from 20B.
Back on December 7, 2016, I wrote the following about the first $50K from GPL:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127082806
The first item (a) in the filing was about the reverse split, while the second (b) was about the reduction in AS.
Basu reduced the AS after the reverse split.
I am correct yet again!
Then again, if the RS still has to be approved by FNRA, then the AS reduction will have happened immediately, while the RS might take a little more time.
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