BorrowMoney.com Inc (BWMY)

[Big Brother]

Looks to me that it's actually a f/s, not a reverse split, thus the reason they need to increase the authorized shares.....but they needed to make this a little clearer.

On June 19, 2020 BorrowMoney.com, Inc. (“BorrowMoney.com” or the “Company”), (OTC: BWMY), announced that on June 19, 2020 its board of directors unanimously approved a five-for-one split (the “Stock Split”) of the Company’s common stock subject to shareholder approval of an amendment to the Company’s Certificate of Incorporation. Since the Company presently does not have a sufficient number of authorized shares required to effectuate the stock split, the Company’s Board has approved, and is recommending to its shareholders, an amendment to the Company’s Certificate of Incorporation increasing the number of authorized shares of common stock to 500 million to handle the split and possible future capitalization needs. The Company will be holding a special meeting of shareholders of record as of June 23, 2020 to approve the amendment to the Certificate of Incorporation. It is anticipated that the special meeting will be held on or about August 21, 2020. Provided the shareholders approve the amendment, the company anticipates setting a record date for the stock split shortly after the special meeting and that trading on a split-adjusted basis will begin prior to August 31, 2020. As a result of the Stock Split, each shareholder of record on the record date will receive four additional shares of common stock for each share held.