No. The AS was 50 billion before the split that consists of 45 billion commons and 5 billion prefered.
During any RS the AS don't change. Only the OS changes. To change the AS they must do that filing with the secretary of state of their domicile.
Without the required action by the company, the AS doesn't change. Not sure where the guy got the AS as 10 million. Either the person responding to the email is an absolute idiot or it is one of those fake emails the guy made up.
Even if the guy assumed that the AS went through an RS which is not true then also 50 billion RS by 5,000 is 50 million not 10 million.
Makes exactly zero sense.
Nonetheless, if the company can put it out there officially in a PR then that would change everything.
I am long and have been here before anyone. That doesn't mean I will blindly pump. I will tell the truth what I see.
Fools argue to win, so stay away from them and still say Thank you. Smart people argue to seek the truth and say "Thank You" when they find that they are wrong.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.