Yes! The new O/S will be about 8.5 million with an A/S of 2 billion. Thus Mr. Wang DeQun can convert 300,000 his shares of the Companys Class C Preferred Stock into 750,000,000 shares of the Company's common stock.
First of all, it is not approved by FNRA yet. The process is outlined here. http://finra.complinet.com/en/display/display.html?rbid=2403&record_id=12829&element_id=9364&highlight=6490#r12829 So all those calculations are useless drivel. And you can not say that they approve all requests for a reverse split as several pinks have had their requests turned down for various reasons. FNRA has apparently tightened their rule structure lately. So we must wait and see if it does happen, and if it does, then we could be in for UPLISTING as could be the case here. JBZY