Replies to post #7441 on Pinnacle Business Management (Prev SRCI)

[fung_derf]

A reverse split would not be a bad thing, necessarily, IF they did an equal reverse on the authorized but not outstanding shares, but that is rarely the case. It also may explain why the authorized shares have jumped so much. Imagine what happens if there are only 24 billion shares outstanding, with 25 billion in authorized and then they do a 1:1,000 split?? The shareholders would have 24 million shares, while the company still controls 1 billion!!!
I think my math's right there! It all makes sense to me.

[janice shell]

And here's where Mr Lobster is being disingenuous:

5. The R/S price will be based on the current share price. He says " no one should lose..what's the difference of one share at .0002 or, pick a number of shares x .0002."

Or he doesn't know much about reverse splits. They ALL lose 50% or more of their value following the split. Recently, most sub-pennies that split are sub-penny once again in a matter of months.

Recently a BB company with the ticker MOYC announced a 1:176000 reverse. Their very clear object was to get rid of nearly all of the non-insider shareholder base. I suspect Mr Lobster has something similar in mind.

[huckleberry]

Well then, a bad idea for him to express that scenario, and a "maybe". He has supposedly commented rose petals to many others in private calls. Of course, this isn't a bad thing. lol And, probably not prosecutable by itself. But, if attached to several other scenarios, and although the shares were exempt from filing, fraud is a possible option. Happens now and again with a Nevada corp. or officer, healer, omnipotence,.....Do I have it yet? I don't exactly remember his title.

[BullNBear52]

jking83378, good thing the SEC is already suing him for price manipulation. lol.