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Monday, March 20, 2023 10:55:53 PM
Such as
On March 5, 2013, Digital Brand Media & Marketing Group, Inc. received approval from the Financial Industry Regulatory Authority (FINRA) for its 100 to 1 reverse stock split.
The Company approved a 1,000 to 1 Reverse Split of its shares of common stock, effective July 17, 2015. All reference to Common Stock shares and per share amounts have been retroactively restated to effect the reverse stock split as if the transaction had taken place as of the beginning of the earliest period presented.
The Company approved an increase in the Authorized Shares to 2,000,000,000 on April 4, 2016.
Less than a year before that massive a/s increase, the o/s was a mere 4,415,949 shares. Multiply that by 100,000 to get an idea of what the o/s could have been, before those two splits, assuming there had been no dilution.
It should be painfully obvious that holding any tiny OTC issuer long term is not good for one's financial well-being.....
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