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Re: Classic Warrior post# 31991

Wednesday, 06/01/2022 3:14:12 PM

Wednesday, June 01, 2022 3:14:12 PM

Post# of 36601
If a Reverse 1:2 split (R/S) was performed, the 292,500 shares mentioned in Post #31,988 would become 146,125 shares at double the pre-split price. A reverse split is not usually favorable to shareholders. A 2:1 split ending in 585,000 shares would normally end up being favorable for shareholders but this is not what was addressed in the Post #31988. In addition, neither type of split generates additional "working" cash for the company unless additional shares are approved and sold.