Replies to post #5593 on FTE Networks Inc (fka FTNW)

[Investorr]

I suggest you read it again, you seem to be the only one arguing. Everyone else agrees with me:

"Upon consummation of the Reverse Split, every twenty shares of the Company's issued and outstanding common stock will be automatically converted into one issued and outstanding share of common stock, with no change in par value per share. As part of the reverse merger agreement dated June 19, 2013, upon effectuation of a reverse split, each one share of the Preferred Series D and F stock will convert into twenty shares of common stock. The Preferred Series A and A1 do not convert and will remain with it's preferred preferences unchanged. No fractional shares will be issued following the Reverse Split."

http://www.otcmarkets.com/stock/FTNW/news/FTE-Networks-Announces-1-for-20-Reverse-Stock-Split?id=127149&b=y