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Re: Xtremetz1 post# 57414

Tuesday, 03/19/2024 4:26:45 PM

Tuesday, March 19, 2024 4:26:45 PM

Post# of 77203
A reverse split does not reduce the authorized shares . It will still have 4.6 billion authorized shares . Share bloated pig that it is .
They will just wipe out current shareholders . Then they issue themselves a few billion shares to gain complete control of the company. And start pumping and dumping a few more billion shares .
They can also amended the article's of Incorporation and print even more shares . As current Shareholders will have no vote in it .
On the bright side none of that can happen until finra actually approves the merger. And if this has a history that might not even happen.
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