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Monday, March 12, 2018 9:29:47 AM
- Common equity is the only class that is affected by the upcoming Reverse Split.
- Voting preferreds are convertible into 1.25 billion common shares after the R/S. Effectively diluting current outstanding equity to the power of 125 billion shares. That's not dilution, that's complete and utter annihilation of current outstanding equity.
- There are an unknown number of 10/15¢ warrants outstanding which made absolutely no financial sense pre-split, but will be a major cashout for their holders after the split. Logic infers that any "employees" (ahem) who purchased a warrant had prior knowledge an R/S was on the way.
- The Authorized Shares remain at 2 billion.
https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=217161243108068011203050228075228024036162237117
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