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satelliteguy

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satelliteguy

Re: J1720 post# 4510

Wednesday, 02/15/2012 4:39:36 PM

Wednesday, February 15, 2012 4:39:36 PM

Post# of 4526
Honestly, I don't know their reasoning. If they had simply wanted to reduce the number of shareholders of record (a very common goal for companies that want to reduce their administrative costs), I assume that they would have done a reverse split at a ratio more like 1:1000 than 1:7.

After the R/S, there are 107,142,857 shares authorized but only 4,452,020 outstanding.

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