Replies to post #53113 on SoOum Corp. (fka SOUM)

[doingfine]

If 5 million is the share count what do we have locked up by the longs here??? Any guesses?

[pinthetail]

Wellllll . . . . . . . . . .

I really hate to say it.....
but after reading the filing over again it does state that the RS will not affect the A/S... there will be 5 million O/S and there will be 4.95B A/S left to use and issue if needed. F'N BS.

We just have to hope they actually get nice revenues from the energy drink deal and other new deals... so they wont issue anything.

Man o man... I hope they don't issue those and cancel/amend to a much smaller number. God I hate this company. They are just continually screwing us over.. I have over 15k locked/lost in this.
I wish I could get my hands on these douche bags. I really really hate them. They are blatantly screwing us all over. I would love to kick their asses. Makes no freaking sense to keep it at 5 billion

The other option was the reverse split. Upon implementing the reverse split the Company will go from 5,000,000,000 shares of common stock outstanding to 5,000,000 shares of common stock outstanding and this would mean the Company would have 495,000,000,000 shares of authorized but unissued common stock. This solves the problem of having free shares to meet commitments and to raise working capital, while at the same time it avoids an unruly capital structure. The Board felt this was the best approach to solving the various problems and therefore voted to approve it. Likewise, after consideration shareholders holding a majority of the voting shares also voted to approve the proposal.