PLEASE NOTE THAT THE REVERSE SPLIT WILL HAVE THE EFFECT OF SUBSTANTIALLY INCREASING THE NUMBER OF SHARES THE COMPANY WILL BE ABLE TO ISSUE TO NEW OR EXISTING STOCKHOLDERS BECAUSE THE NUMBER OF AUTHORIZED SHARES AND THE PAR VALUE PER SHARE OF COMMON STOCK WILL REMAIN THE SAME (5 BILLION SHARES OF COMMON STOCK) WHILE THE NUMBER OF SHARES ISSUED AND OUTSTANDING WILL BE REDUCED.
Seems to me that they are writing themselves a new ticket to dilute.
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