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Tuesday, February 11, 2020 11:25:50 PM
However if it's done for a reverse merger , it depends on what the private company brings to the table in the newly formed public company. Which is why I asked what the name of the new entity is?
It depends why they are doing a RS. It isnt for selling shares on the open market as they can do that right now 855M as of yesterday.
A RS now will reduce the outstanding shares to 2,900,000 shares pal, with 1B still authorized. 855M versus 997M why, makes no sense if it's just a share issue scheme? Do you see my point?
I'll definitely wait to see what developes!
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