Good Gaming Inc (GMER)

[bwrbad]

GG intends to reduce authorized common shares (AS) from 2.0BN to 100Million,

Reverse splitting common and preferred stock on the basis of 1 for 1,000.

something doesn't make sense

pre-split current AS is 2 billion of which ~1.98 billion is OS those post-split becomes AS 2 million and OS~1.98 million respectively

so basically they are adding 98 million equivalent more post-split shares to the post split AS. on a pre-split basis that is basically equivalent to adding 98 billion (98 billion)more shares to current AS, and available to convert & increase OS and dilute current common shareholders.

No safety corner for current retail holders for sure - what a brilliant plan - great moneytizing plan from April.

am I missing something - glad I'm mostly out.