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Re: ombowstring post# 28119

Monday, 08/31/2009 11:02:27 AM

Monday, August 31, 2009 11:02:27 AM

Post# of 57832
Ombow, Yes, according to Dew, 'the authorized share count does not shrink with a reverse split, but remains the same'.

Dew also pointed out though that since a reverse split requires authorization via a shareholder vote, it is just as cumbersome to implement as raising the authorized share limit, which also requires a shareholder vote.


BTW, concerning 20 baggers, I see that Rodman Renshaw was a 25+ bagger since its lows this year (.14 cents to 3.75).












































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