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Wednesday, March 20, 2013 1:25:14 PM
$300,000? Multiply that out at $0.003 per share. Nope. Not enough shares with current structure.
So what to do if there are not enough shares for reverse merger?
Simple. Reverse stock split first. Then approve a share structure increase. No problem since newco will hold a majority stake. Little bagholders are left out of the loop.
After reverse split, after new structure, then reverse merge.
Need an example of how this gets done? Look at OPHI. They just completed it exactly this way.
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