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Phantom Lord

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Phantom Lord

Re: PennyWorld post# 32714

Friday, 01/27/2023 11:24:19 AM

Friday, January 27, 2023 11:24:19 AM

Post# of 34625
They did communicate the RS. Everyone saw it coming. HERE is the 8K that was filed after their annual shareholder meeting held on May 24th 2022 in which shareholders approved the reverse split. HERE is the 8K stating that Nasdaq granted them an extension to regain compliance with the minimum bid price requirement. They had until February 13th to get SP over $1 for 10 consecutive trading days. That clearly wasn't going to happen so they put in effect the RS that was previously disclosed to shareholders.

All this being said, there will definitely be more dilution and it has nothing to do with the fact that they just did a RS split and everything to do with the fact that they will be out of funds by August. Something else that they have also disclosed.

My DD is not a substitute for your DD

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