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Re: snoof77 post# 57635

Monday, 10/21/2013 6:49:45 PM

Monday, October 21, 2013 6:49:45 PM

Post# of 79678
Will it really be all that dilutive?

"PLEASE NOTE THAT THE REVERSE STOCK SPLIT WILL NOT CHANGE YOUR PROPORTIONATE EQUITY INTERESTS IN THE COMPANY, EXCEPT AS MAY RESULT FROM THE ISSUANCE OF SHARES PURSUANT TO THE FRACTIONAL SHARES."

and...

"The principal effect of the Reverse Stock Split will be the reduction in the number of shares of Common Stock issued and outstanding from 448,378,661 shares as of October 9, 2013, to approximately 44,837,866 shares. The Reverse Stock Split will affect all of our Stockholders uniformly and will not affect any Stockholder’s percentage ownership interest in the Company or proportionate voting power, except to the extent that the Reverse Stock Split results in any of our Stockholders holding a fractional share of our Common Stock."

Sounds like much ado about nothing. I was not a big fan of the original 1 for 10 split a while ago and I'm glad this is reverting back.