BB's Stock Haven

[nateeeeee]

Dunno...

Both prior to and after the combination, we have authorized 1,500,000,000 shares of Common Stock. If the proposed combination is implemented, however, the reduction in the number of outstanding shares will increase our authorized but unissued Common Stock to between approximately 1,390,000,000 and approximately 1,446,000,000, depending on the ratio of the combination.

The combination will not affect the par value of our common stock. As a result, on the effective date of the combination, the stated capital on our balance sheet attributable to the common stock will be reduced to between 1/10th and 1/20th of its present amount, and the additional paid in capital account shall be credited with the amount by which the stated capital is reduced. The per share net income or loss and net book value of our common stock will be increased because there will be fewer shares of our common stock outstanding.