Thursday, June 18, 2020 8:24:30 AM
You are right, cost 99% of the traders on here a good amount of money. It's not that hard to google (if you don't know or understand) Articles of Correction and learn how a controlling share is divided up for purposes of controlling interest and controlling voting rights...whether that is 1/200 or 1/500 or whatever the percentage is broken down to. Any R/S would require a material event filing in the form of an 8k or in a 10q and would actually say the words REVERSE SPLIT and it would say when it was approved and when it would be implemented. It would also say 1 for 200 or 1 for 1000 or whatever they come up with. The Articles of Correction fractional 1/200 or 1/500 represents that exact meaning, the fractional value of the controlling share. It was simply adjusted after the merger.
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