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Wednesday, November 03, 2010 2:06:48 PM
A phoenix rising from the ashes!
Here is a more detailed verison:
6,000,000 o/s becomes 100,000,000 on a 60 to 1 reverse split
Reduce the A/S to 500,000,000and restrict 400,000,000 shares leave the 100,000,000 as the current float.
5% of 6,000,000,000 is 300,000,000 making it:
A/S 500,000,000 of which 100,000,000 is reserved for the company board and management + 300,000,000to the dividend + 100,000,000 to the float.
The share price would become $.06 ($.001 * 60 from the split). Now how does that work for us?
I have 5 million shares that would become 250,000 because of the 5% dividend. My shares would then become 83,333 + 250,000 (restricted)
333,333 total at a valuation of $.06 or almost $20,000
That is more than my current situation of 5 million at .001
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