Well who to believe a you or the PR issued by the company this week
DALLAS, TX--(Marketwired - Mar 14, 2017) - LIG Assets, Inc. (OTC PINK: LIGA) (also known as the "Leader in Green Assets" or "LIGA") announces plans to further reduce its share count and restrict some of its current common and restricted shareholders.
On January 4, 2017, the Board of Directors resolved to reduce the conversion rate of its entire 50 million shares of Preferred Stock. The conversion rate of preferred stock to common was reduced from 50 to 1 to a rate of just 1 to 1; which effectively cancelled the potential issuance of 2.45 billion common shares. At the same time, the Board resolved to keep the total authorized common share count at 2.4 billion shares, not conduct any reverse split below .05 per share, and not issue any additional classes of stock for at least three years.
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