You may be right, CGFI may need to create that many shares to cover the forward split necessary to keep the PPS below $500!! We all can make things up with no rationale behind it.
Don't take my word for it,Do your own research! Then you will know it's true!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.