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Re: Jimzin post# 87728

Friday, 03/27/2020 7:08:29 PM

Friday, March 27, 2020 7:08:29 PM

Post# of 111524
Do old commons receive 1 new common share for each old cancelled share?
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This is now an opinion, that a one to one exchange is likely to happen because changing values of old shares will cause a conflict with the fix value of preferred shares. The reason is that the reserved number of old common shares that guarantees the preferred will also change.