Replies to post #20861 on Novation Holdings Inc. (NOHO)

[I-Glow]

But more importantly in the 8-K is the following:

The ACX common shares issuable in the merger to the pre-merger common shareholders of Registrant, including those common shareholders resulting from the pre-merger conversion of Registrant’s outstanding convertible promissory notes, will represent, collectively, ten percent of all of the ACX common stock issued and outstanding immediately upon the closing of the merger.

So your 1 million shares will not be 100 shares but instead 0.1 share - I am not certain on the fractional shares but I believe it will round up so you will have 1 share of the new ACX company.

The key is that all of the registrant pre-merger common shares (that will be fully diluted) will account for 10% of the ACX common shares.

They do this with the intention of taking out all of the current shareholders.

SO they are telling you exactly what they are going to do - and the people posting about loading up before the merger didn't read or understand the 8-K.

IG

[LazyEyeMcFly]

This already happened once when NOHO was ALZM.
My 800,000 shares will become 80.
I'm so sick about it