Replies to post #10342 on ABCO Energy Inc (fka ABCE)

[Axel]

ABCE also reducing authorized shares!!



Capitalization. The Company is currently authorized to issue 500,000,000 shares of Common Stock. As a result of the Reverse Stock Split, the Company will be authorized to issue 50,000,000 shares of Common Stock. As of December 12, 2016, there were 267,689,104 shares of Common Stock outstanding. As a result of the Reverse Stock Split, there will be approximately 26,790,000 shares of Common Stock outstanding (subject to adjustment due to the effect of rounding fractional shares into whole shares). The Reverse Stock Split will not have any effect on the stated par value of the Common Stock.