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Re: bme post# 87511

Saturday, 11/16/2019 10:13:41 PM

Saturday, November 16, 2019 10:13:41 PM

Post# of 90384
No, they are not all in the same RS ratio. By definition, a reverse split is only of the issued, i.e., outstanding, shares.

During a reverse split, a company cancels its current outstanding stock and distributes new shares to its shareholders in proportion to the number of shares they owned before the reverse split.


https://www.investopedia.com/ask/answers/071415/why-would-company-perform-reverse-stock-split.asp

What AHIX will do with the total of the authorized and preferred shares and what ratio they'll use to get from 7.5B to 1B A/S remains to be seen. In the time of the 2015 RS, they actually increased the number of preferred shares.

On May 11, 2015 the Nevada Secretary of State accepted for filing a Certificate of Amendment decreasing the Company’s authorized common stock from 8,964,324,990 with a par value of $0.00001 to 946,821,999 with a par value of $0.001, to increase the Company’s authorized preferred stock from 35,675,010 to 53,178,001 with a par value of $0.001, and to cancel and retire the Company’s Series F and Series G Preferred Stock. The amendment was approved by the shareholders and directors on March 23, 2015.


https://backend.otcmarkets.com/otcapi/company/financial-report/146687/content