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Alias Born | 10/07/2010 |
Monday, July 10, 2023 12:25:45 PM
.0083-012 this week? Hahahaha
If, and I mean if , there is any interested party , because we have all heard this song and dance many times before, the reason that makes the most sense to me, for wanting all debt converted to shares is to do a reverse split afterwards and start fresh with a small outstanding share count.
If this all goes through, according to Wxdog there would be roughly 4 billion shares outstanding, so my prediction is a 1 for 200 reverse split within a couple of months after any deal closes, leaving the new outfit starting out with 20 million outstanding, and shareholders with 5000 shares for every 1 million they have now.
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