Replies to post #57199 on Momentous Entertainment Group (fka MMEG)

[RockRoll]

I too am hoping it'll be substantial & "meaty" news. But, if I had to guess:

On the Mar 7 Proxy Statement (pre-14c) it said, "The Reverse Stock Split will be effectuated within ten (10) days after the mailing of this Information Statement and after the filing of: (i) the amended Articles of Incorporation with the Nevada Secretary of State with respect to the Reverse Stock Split and (ii) the certain documentation with FINRA regarding the Reverse Stock Split."
I believe the Information Statement was mailed to FINRA on or around the 7th, and it was received & filed on Mar 12 -- fast forward 10days and we have Thurs the 22nd. This may just be news of the R/S being official.
I hope & pray there's more meaningful news to follow.

I assumed that after the R/S, the PPS will also be adjusted ... to .25. But, after re-reading the statement again, I saw this:

Effects: The Reverse Split will be affected by filing an amendment to the Company’s Articles of Incorporation with the Nevada Secretary of State’s office and will become effective upon such filing. The actual timing of any such filing will be made by the board of directors based upon its evaluation as to when the requisite approvals are received and the requisite waiting periods have passed. The Reverse Split will, however, reduce the number of issued and outstanding shares of common stock from 13,160,849,232 to approximately 5,264,340 shares. The Reverse Split will not have any effect on the stated par value of the common stock.

Pretty sure there are many here that are better at reading filings than me ... does this mean the PPS remains at .0001? TIA

GLTUA

[whynot1790]

They better to combat the RS taking place the very same day. It better be huge.. GLTA..