Replies to post #11335 on ABCO Energy Inc. (ABCE)

[Kallie]

No its not! Read the article on their website again. ABCO ENERGY, INC. ANNOUNCES FINRA APPROVAL OF 1-FOR-10 REVERSE STOCK SPLIT

Posted: January 20 2017
ABCO Energy, Inc. Tucson, Arizona January 17, 2017. ABCO Energy, Inc. announced the FINRA approval of the 1 for 10 reverse split of its common stock. The effective date of the action was January 13, 2017 and the company will trade under the symbol ABCED for 20 business days or until February 8, 2017. The reverse split has become necessary because of conversions of several promissory notes totaling $246,711 into 198,737,390 shares during the last half of 2016. The common shares outstanding at December 31, 2016 became 268,645,844 shares. The reverse was also necessary to allow the Company to raise capital from the sale of its common stock through the previously announced $5,000,000 financing with Blackbridge Capital, LLC. In addition, OTC Markets required a stock price in excess of $.01 per share in order to continue the Company’s OTCQB listing. These were the cause and effect and the driving force for the reverse split decision.r website
http://abcoenergy.com/abco-energy-inc-announces-finra-approval-of-1-for-10-reverse-stock-split/