News Focus
News Focus
Followers 277
Posts 12043
Boards Moderated 10
Alias Born 02/09/2003

Re: Ichauway post# 9621

Tuesday, 04/03/2012 8:15:53 PM

Tuesday, April 03, 2012 8:15:53 PM

Post# of 19035
With 4,500,000,000 authorized shares even following the 1000 to 1 reverse split, you can count on millions of new shares being issued to purchase the new company. They should be restricted so shouldn't hit the open market for a year, but I have seen them hit right away with some companies in apparent violation of Rule 144.

Lazlo Garcia may do a Reg D 504 offering using a bogus exemption to claim that new shares issued in a private placement are immediately free trading as well. That was a popular strategy of BAC clients, many of whom have become non DTC eligible as a result.

NV SOS:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=20qv3NKMNu7jdp77p%252buQKg%253d%253d
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y