InvestorsHub Logo
Followers 191
Posts 16401
Boards Moderated 8
Alias Born 01/29/2018

Re: paulie c post# 3501

Monday, 02/05/2024 11:31:44 AM

Monday, February 05, 2024 11:31:44 AM

Post# of 5094
The reverse split is 5000-1. Looks like it is intended to wipe out the legacy equity so the owners of the private company that merged in can convert their preferred shares and wind up owning the bulk of the common stock, which should be expected since they used to own, collectively, all of the equity in the private company.

I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.