Telvue Corp. (fka TEVE)

[agribusiness72]

You have this wrong, this is a reverse split, usually very negative just like when Citigroup did their reverse split, went from approximately $3.15 to $31.50 in a 1 for 10 reverse split. It now trades at $29 or so. But what is amazing to me is that not only is the reverse split going to happen, if approved, an additional 500 million shares will be authorized. So do the math, 200 becomes 1, 45 million becomes 225,000 but authorized shares goes through the roof. Why?? 100 million shares you would think would be plenty after the reverse split. We shall see in the near future.