Replies to post #5042 on Smart Ventures Inc. (SMVR)

[Smilin_B]

Correct, but that simple mathematics equation screws investors because what MOST investors don't realize is that in a R/S, the Authorized Share Count (A/S) remains the SAME while the Outstanding Share Count gets reduced by a factor of X (in SMVR's case, by a factor of 500)

So basically this allows unscrupulous CEO's like Roger Smith to issue more shares from the A/S into the O/S at a severe discount to the common via convertible debentures.

Basically, this R/S was a move to do just that. The A/S was getting near maxed out and SMVR (the company) is broke, so they had to lower the O/S so the dumping can begin.

What a $CUMBAG move to do to his own faithful share holder base. And he didn't even have the balls to issue a PR stating that a Reverse Split was pending.

I've lost all faith in this CEO now