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Drugdoctor

06/18/17 12:08 PM

#37013 RE: BRoberts1982 #37012

Agreed-Dilution-controlled now..Post-Split-Dilution-rates-for-last-2-REVERSE-Splits-Compared


No wonder short sellers won't post this info!!! Ashton has really CONTROLLED DILUTION!!!

65 days from December 28, 2016 reverse split $GBSN was diluted to 1,485,904,493 shares, and this time

65 days from April 10th, 2017 reverse split to 2,747,140 shares of common stock as of June 13, 2017.

The SAME TIME PERIOD after the last two REVERSE SPLITS folks... a difference in dilution rates of 1,483,157,353 shares LESS!!!

The data came from the SEC filings and Press releases and all this can be verified if you like by clicking on the links...

SALT LAKE CITY, Dec. 28, 2016 (GLOBE NEWSWIRE) -- Great Basin Scientific, Inc. (OTCQB:GBSND), a molecular diagnostics company, announced today that it has effected a 1:300 reverse split of its common stock, par value $0.0001. The Company’s common stock will begin trading at the open of today’s market on a split-adjusted basis under new CUSIP number 39013L809, under the temporary symbol GBSND. The symbol will revert to GBSN in 20 business days, or on January 24, 2017.

The Company also announced today that its Certificate of Incorporation has been changed to increase the number of authorized common stock from 200,000,000 shares to 1,500,000,000 shares, par value $0.0001, respectively.

The reverse stock split, which was granted approval by the Financial Industry Regulatory Authority (FINRA) following a special shareholder vote, impacts all holders of the Company’s common stock uniformly, and does not affect any stockholder’s percentage ownership interest in the Company or proportionate voting power. The reverse split reduces the number of common stock from 199.0 million shares to approximately 663,334 shares outstanding.

________________________________________________________________________

On April 7, 2017, the Company filed an amendment (the “Amendment”) to the Company’s Seventh Amended and Restated Certificate of Incorporation, as amended (the “Certificate of Incorporation”), to effect a 1-for-2,000 reverse stock split (the “Reverse Stock Split”) of the Company’s issued and outstanding Common Stock as of 12:01 AM Eastern Time on April 10, 2017 (the “Effective Time”). Pursuant to the Amendment, as of the Effective Time, every 2,000 shares of the issued and outstanding Common Stock were converted into one share of Common Stock, without


any change in the par value per share. The Reverse Stock Split was approved by the Company’s stockholders at its special meeting of stockholders held on March 9, 2017.

The reverse split reduces the number of common stock from 1,485,904,497 shares to approximately 742,952 shares outstanding.

The Common Stock began trading on a Reverse Stock Split-adjusted basis on the OTCQB at the opening of quotation on April 10, 2017. In connection with the Reverse Stock Split, the Common Stock also commenced quotation under a new CUSIP number, 39013L 882, at such time.

The above description of the Amendment and the Reverse Stock Split is a summary of the material terms thereof and is qualified in its entirety by reference to the Amendment, a copy of which is attached hereto as Exhibit 3.1.

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Ok, December 28th, 2016 there were 663,000 $GBSN shares!

https://www.otcmarkets.com/stock/GBSN/news/Great-Basin-Announces-Effectiveness-of-Reverse-Stock-Split-of-Common-Stock-and-Authorized-Share-Increase?id=147721&b=y

So let's see how close to 67 days out, we can find an 8K filing that shows the dilution after this reverse split!

As of March 3, 2017, there are 1,485,904,493 shares of Common Stock issued and outstanding of the 1,500,000,000 shares authorized.

https://www.sec.gov/Archives/edgar/data/1512138/000156459017003343/gbsn-8k_20170227.htm

So in 65 days, the outstanding previously went from

663,000 $GBSN shares to 1,485,904,493 shares!!

And this time the outstanding has gone from 742,952 shares to only 2,747,140 shares of common stock as of June 13, 2017.

"Common stock outstanding" 2,747,140 shares of common stock as of June 13, 2017.

https://www.sec.gov/Archives/edgar/data/1512138/000114420417032647/v468896_s1a.htm