Replies to post #23540 on Broadside Enterprises Inc. (BRSE)

[Smilin_B]

When was the most recent RS?

July 27, 2017

And no one's expecting another one.

What I'm personally anticipating, in my opinion only, is further share issuance from the AS into the OS and float in order to fund acquisition and business expansion efforts.


Broadside Enterprises, Inc. Announces Reverse Stock Split as of July 27, 2017Press Release | 08/14/2017
Broadside Enterprises, Inc. ("Broadside" or "Company") (OTC:BRSE), announced today the Company effected a reverse split of its common and preferred stock at a ratio of 1:1,000, commencing at the open of trading day, July 27, 2017.
The Companys ticker symbol will be BRSED for 20 trading days from July 27, 2017 to designate that it is trading on a post-reverse split basis. Broadsides post-split common stock will trade under the new CUSIP Number 11134W 204. As a result of the reverse stock split, each 1,000 pre-split shares of common stock outstanding will automatically combine into one new share of common stock without any action on the part of the respective holders holding shares in a brokerage account, and the number of outstanding common shares will be reduced from approximately 8.7 billion shares to approximately 8.7 million shares. The reverse stock split will also apply to common stock issuable upon the conversion of outstanding notes payable, and upon the exercise of outstanding warrants and stock options.
The Company's transfer agent, Pacific Stock Transfer Company, will provide instructions to stockholders holding shares in certificate form regarding the process for exchanging shares. The Company has not issued any fractional shares of any class of its capital stock, but, in the event any stockholder of any class of capital stock would have been issued any fractional share under this action, that such fractional share was rounded up to the next whole share.
Over the last year and a half, Broadside has faced many challenges, said Christopher Petzel, Chairman and CEO of the Company. We believe that this change of our capital structure is a vital step towards closing our next acquisitions and obtaining the necessary financing for our future success.
Additional information about Broadside Enterprises can be found in the Company's reports and filings at www.OTCMarkets.com, on the Broadside Enterprises website at www.broadside-enterprises.com and on Twitter at @brse_news.

[jmhgolf]

As far as share issuance the current IR Charlie Flynn stated in a tweet he has raised $400,000 at .20 a share. That’s a whooping 2 million shares issued. That would bring the share count to around 10 million. Those shares are most likely restricted for a year. We’ll see in the filing coming up. If the company is raising that kind of money issuing share at a higher price than the current PPS it most likely won’t be killing the share structure.