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stockmasterflash

06/17/16 9:06 AM

#44047 RE: bucks2pennies #44045

The guy is currently CEO or COO of three pennystock scams

all of which, in total have a few thousand in revenue between them.

That should tell you something

As does the fact that he brought the whole IGNT management crew with him. IGNT can't sell shares as it has a DTC global lock on it......so he comes here to do it.

and the fact that this company is based 5 miles from the home of Scott Sand, the CEO Tilden replaced at IGNT when Sand went to prison should say something as well. Sand operating IGNT, FBEC, and now SIML

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Nistel

06/17/16 9:36 AM

#44050 RE: bucks2pennies #44045

Lowering the A/S is actually a covered pre-split increase to 3.000.000.000.000 shares. Dazzling number?

Simply recalculate the new A/S to pre-split figures (reverse the 1:1000 back by multiplying the new A/S by 1.000) and you will see that this figure just mentioned is the 'pro rata' A/S now for all pre-split shareholders.

To keep A/S in the same proportions as it is now, it had to be decreased with the same 1:1000 factor (to 7.500.000 shares A/S), which obviously they did not do as expected.