Italian Food and Beverage Corp (IFBC)

[prof]

3) Outstanding shares

Before the financial crash of 2008 there were not many outstanding shares, and the share price was over a dollar. Then came the crash, and CEO Dino Luzzi went to a bare skeleton to save his company. Share price plummeted to almost triple zero’s and he needed to do what every CEO does in that situation – he needed to raise the number of outstanding shares, in order to protect his ownership of the company.
Adding shares is not hard – removing shares is trickier. The reverse split is done quite often with companies with healthy revenues with no negative effects.
On the OTC, many companies with NO revenues use the scheme for bad purposes.
Since IFBC has enough revenues to reduce its share count, I am hoping that this will be done at some point in the future in an orderly fashion, protecting the company and its shareholders.
Getting IFBC onto a different exchange would be very nice.

Hope this helps a bit,

prof