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Wednesday, October 04, 2023 8:50:29 PM
BTW Mark needs to correct a discrepancy.
“The authorized capital stock of the Company currently consists of 2,249,000,000 shares of common stock and with 2,382,642,,000 shares outstanding, each with a par value of $0.001 and 100,000,000 shares of preferred stock with 2,415,142 shares of Sereis A Preferred Stock issued and outstanding, each with a par value of $0.001 per share. Upon effectiveness of the Reorganization, we will have 500,000,000 shares of common stock authorized, each with a par value of $0.0001 and approximately 4,454,000 shares of common stock outstanding. The number of shares of preferred stock we are authorized to issue will be 5,000,000 shares and each share of preferred stock will become on share of a similar preferred stock of DelCo. Each share of common stock outstanding immediately prior to the Reorganization automatically will be converted into one fiftieth (0.02) of a share of common stock of DelCo. These changes will occur without any action required on the part of any shareholder.“
So is the RS actually 1:500? Or is the resulting OS 44,540,000 and not 4,454,000?
Yet another Newbauer screwup.
1) Do I own stock?
Answer: No. I don’t invest in penny stocks.
2) Why am I here?
Answer: I like debating things that I have a 95% chance of being right about.
3) Am I a paid basher?
Answer: Wait…what? You can get paid for this?
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