Something like this" We are pleased to announce the KFUND app will launch Monday morning. We will be going forward with the 100:1 reverse split as soon as legally possible."
By a quick look through the 10Q at the notes I believe would still be active, I see at least 8 that will have a $15,000 penalty for going below the $.01 mark. As well as a few with increased discounts. So whats another $90,000?
Say hello to $1.90 a share.
Also to all the wonderful people saying "they've never seen a company survive a reverse split in their 110 years of investing". Do you have the internet? Try using it.
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