Saturday, March 29, 2014 2:59:34 PM
You can't even get the story straight when the insiders spoon feed you the info for you to post on IHUB.
The authorized number of shares does not change in a RS or why would you do one?
27,808,067 issued out of 500,000,000 is 5.5% of the stock left in the hands of the shareholders not 28%. Go back and have another serving of kool aid.
How is this a negative? Since you can't do math the explanation of how having 83% of your house reduced to 5.5% of your house will fall on deaf ears, but to get a sense of the deal the jack offered just move into your closet and see how that suits you.
After looking at the numbers on the Exobox website. With the reverse split this stock will go from 417,121,000 issued shares out of 500,000,000 authorized. If my math is correct that is 83% issued. The split will put this at 27,808,067 issued out of 100,000,000 authorized. Which would be only 28% issued. How is this a negative? I say vote "YES" for the reverse split IMO.
ALL IMHO. GLTA
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