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Re: retro post# 10034

Friday, 01/20/2012 12:37:14 PM

Friday, January 20, 2012 12:37:14 PM

Post# of 42929
Retro, yes, by roll-back I mean reverse split. What I anticipate, is that MiniMart will do a large reverse split, which will vastly reduce the number of issued and outstanding shares. Then, they'll issue a huge block of new shares to themselves and attempt to sell FOGC as a shell. As an example, if they did a 100:1 reverse split, then issued 100 million shares to themselves, they'd end up owning 92.6% of the company's shares, so it would be easy to manipulate the market and FOGC would become attractive as a shell. If they then can't sell FOGC as a shell, I suppose they could bury the past by changing the name and the ticker symbol, and starting a new P&D !