A/S will go from 3,000,000,000 shares to 1,800,000,000 Shares.
Not quite a half in reduction.
O/S MIGHT be reduced if they decide to at a later time... Typically this means No...
Current O/S as reported here is now 998,677,620 shares
Not sure of the current float...
The reduction to the A/S may not do much since we are still talking about 1.8 Billion shares are authorized.
Reducing the O/S would do a lot more...
This is being touted by a few of the penny stock groups so it is getting some exposure right now.
Worth watching... Just be careful and ready to jump in/out Quickly...
All IMHO and GTLA...
"The Wise don't sit on the fence too long..."