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Re: OShagHennessy post# 37878

Wednesday, 07/26/2017 9:38:46 AM

Wednesday, July 26, 2017 9:38:46 AM

Post# of 61601
The reverse split has NO affect on shareholder equity or market cap.
It is what happened AFTER the split that caused this problem. With an open OS, notes that had matured with a previously locked up OS were able to convert. It is that conversion that caused the problem, and while the OS was locked up, ICLD was in an illegal situation.