Techprecision Corp (TPCS)

[bob4uall]

Looks like an authorized shares reduction making increase.

They had 90,000,000 shares authorized, but combined every four shares into one authorized share via reverse-split. Divide 90,000,000 by 4 and you get 22,500,000 authorized shares if nothing else was done. But the authorized number is now 50,000,000. So, TCPS says they reduced authorized shares from 90,000,000 to 50,000,000, and they are the correct beginning and ending numbers. But the original universe of 90,000,000 was compressed into 22,500,000 and then expanded to 50,000,000. (That would be 200,000,000 of the old shares, a hefty increase.)

So there is potential dilution here and not a surprise to me that the share price is falling, even though I think the company is strong.