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Monday, January 21, 2019 12:37:50 PM
it would be 2000 shares at .0005 to get to 1.00, the minimum needed to be recognized by an exchange.
now, they wouldn't split that low, because a drop in stock price after a reverse is 99% probable, could be 10000:1 to make the inverse split be 5 dollars.
Not saying anything that there will be a reverse split, and not trying to peddle fear, in fact I'm hoping that they change the name, reverse split and get recognized by an index, this would generate non-ballas originated press, and and highly improve chances of going viral.
I bring it up because that might have been a positive reason why they expanded to 10 Billion shares over 5 Billion....trying to get more investors in, and allowing a larger reverse split range. if they split 10 billion at 10K:1 that would leave only 1 million shares....which is actually what day trading experts claim is a great float to day trade because of higher volatility chances.
however, I doubt it would be that little float shares, so more like a 2K: 1 reverse split turning 10Billion into 5 million shares....
anyhoo, another possible argument pro-reverse split, and possible theory as to why expanding to ten Billion shares in a trip penny might have made sense at this point. could have even been ADVISED by the investors and advertising consultants to expand the OS...
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