BB's Stock Haven

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The bad thing is that it imples a share structure change, note the 1/10th and 1/20th mention, that is a reverse split, but they dont state it as such, they make you figure it out.

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.




The combination will have no effect on the total number of our authorized shares of common stock. Upon effectiveness of the combination, however, the number of authorized but unissued shares of common stock would increase from approximately 409,000,000 to between approximately 1,390,000,000 and 1,446,000,000, depending on the size of the combination. We may issue authorized but unissued shares of our common stock in our discretion. Although this increase could, under certain circumstances, have an anti-takeover affect (for example, by permitting issuances that would dilute the stock ownership of a person seeking to effect a change in the composition of the board of directors or contemplating a tender offer or other transaction for the combination of the company with another company), the combination proposal is not being proposed in response to any effort to accumulate our shares of common stock or obtain control of us, nor is it part of a plan by management to recommend a series of similar amendments to the Board of Directors and shareholders. Other than the combination proposal, the Board does not currently contemplate recommending the adoption of any other amendments to our Articles of Incorporation that could be construed to affect the ability of third parties to take over or change control of the company, nor is the combination being recommended by the Board as part of an anti-takeover strategy.