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nickeljoe

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nickeljoe

Re: Slojab post# 885

Saturday, 02/02/2008 10:16:07 AM

Saturday, February 02, 2008 10:16:07 AM

Post# of 951
Slojab-

This is how I calculated the amount of shares:

Current shares: 17,900,000
New shares: 88,000,000

1 for 10 split leaves 10,586,000

New shares issued: 79,200,000

Total shares 89,786,000

Old AFLH share holders have 2.15% or about 1,930,000.


Not sure why they did a two step to reduce the percentage that the old AFLH share holders would have.

I still had more AFLH shares that I care to mention but I've dumped a huge amount because I remember what happened to the share price the last time after a reverse split - almost a 100% decline.
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