If the reverse split is approved by FINRA, the outstanding shares would drop from 450 million to 3 million.
FINRA will take about a month to make a decision on the split so during that time, Asher will convert the last note beginning on Monday. A substantial number of shares will be sold prior to any approval. Also there may be another round of employee selling of shares so the share price may be quite low.
Depending on the share price at the time of the split, it should begin trading the following morning at about 10 cents.
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