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Snizzle

05/27/14 6:12 AM

#18070 RE: 1234zxcv #18067

Since you missed it~ FYI the split that took place was announced shortly after the rm with lux digital. The share structure at the time was 1bil. A/S and the O/S was around 280 mil. The share price was higher than it currently is.


This action by the company resulted in snizz and zilla being the only posters left here.

The "kids" are mgmt. and they were/are greedy.

Sttk
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Windsortrader519

05/27/14 8:14 AM

#18072 RE: 1234zxcv #18067

According to Edgar insider filings as of April 29 2014 Michael hill has a 68% controlling share. There will be no rs. There is no need for none. The share structure is healthy

The r/s from the old lux digital is standard procedure when you merge in you do the reverse split to ensure control of the company goes to the new owners not the old the fact is 100-120 mil os is a tiny float 70 percent locked up. And 1 bil os is also tiny