Cartel Blue Inc (CRTL)

[cwynn]

2.5 billion total shares R/S on a directly proportionate basis would result in the currently O/S of roughly 2 billion R/S'ing to 2 million, and the current 500 million A/S that have not been issued R/S'ing to 500,000 shares.

If this indeed is what is going to happen, then few of us would have any initial grounds upon which to complain.

Every fiber of my being and more years of experience than I care to discuss, however. screams that this isn't going to be the "final" outcome.

If the R/S is put on the basis stated by Emily (apparently she got "stock savvy" recently!), then I would look for there to be another step by the ceo, which would increase the A/S to a significantly greater number of shares. in that manner, Peter could adhere to the letter of his statement, but the result would be the same for the shareholders, lots and lots more A/S, of which many may well likely be sold into the open market, which is of course not good for the current shareholders.

The saga continues..............and of course, thanks for the much appreciated information...!