Tuesday, June 05, 2018 10:54:19 AM
Simple example:
1000 issued/outstanding commons times 3.45 multiplier = convertible into 3450 shares of common.
1,000,000 issued/outstanding times 3.45 multiplier = convertible into 3,450,000 shares of common.
So their value changes based on the number of issued/outstanding shares. Per the 14C:
"The main purpose of completing this Reverse Stock Split is to increase the amount of shares available in order to have the ability to issue shares and attract investors. The Company has not entered into any agreements whereby it has agreed to issue the newly available shares."
$OMVS intends to issue many more shares after the R/S, which will cause the Series E conversion to rise naturally (based on their outstanding shares calculation above), but won't do anything for my shares value aside from potentially tank them.
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