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Tuesday, August 20, 2019 2:30:48 AM
The number of issued shares will be reduced but the authorised number of shares is left untouched. There is a secondary event where the number of authorised shares is going to be reduced.
IT's not dilution if the shares are offered at market without a discount, to say otherwise is just pure speculation as no details of the Reg A+ are available. (Reg A+ can be filed anomalously before you ask)
Once shares are sold cash will go straight on the balance sheet of GRDO..i.e no dilution. If they use the cash to buy some of Starsona then that will also go on the balance sheet..i.e again no dilution.
There are plenty of examples of dilution after a reverse split using toxic financing...this is definitely not one of them
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