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Re: ErnieBilco post# 50144

Thursday, 11/16/2017 8:06:16 AM

Thursday, November 16, 2017 8:06:16 AM

Post# of 53532
I wouldn't be so sure. filing reads....

"Q: What if I hold shares of Common Stock in “street name”?

A: If a person or entity holds shares of Common Stock in “street name,” then its broker, bank or other nominee (the “Record Owner”) is considered the owner of record with respect to those shares of Common Stock and not such person or entity. If the Record Owner holds less than one share as a result of the Reverse Split, it will be cashed out at the rate of $0.31 per pre-split share. Record Owners of at least one share as a result of the Reverse Split will not be entitled to receive any cash payment, even if a Record Owner hold shares of Common Stock in “street name” for any individual beneficial owners that held beneficial ownership in less than 400 pre-split shares of Common Stock.

so if the broker owns an aggregate of 400 shares or more in total, they won't be cashed out.

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