EVIO Inc (EVIO)

[coinsguy]

Ford, that is not called a reverse split. A reverse split entails the reduction of outstanding shares according to some ratio i.e. 1 share for 100 shares. What is going to happen now is simply a reduction in the number of authorized shares and will have no impact on the outstanding shares. The reverse split has already come and gone at a ratio of 1:100. To call the reduction in authorized shares a reverse split is misleading, especially to noobs who hear reverse split and think there will be another reduction in outstanding shares coming and that is not the case. During the actual reverse split, there was also a reduction in authorized shares from 4 billion to 1 billion but now Waldrop will be further reducing that number from 1 billion to 110 million.