Unfortunately...no. That (6B to 60M) would've been the correct way to do it. Instead the company totally fudged this whole thing up and now has the appearance of nothing more than a share-selling mill. The statement on the filing (which can be viewed at otcmarkets.com) is, "After the Effective Time, the number of shares of common stock that the Registrant is authorized to issue will be reduced from 6,000,000,000 to 100,000,000."
Which is an overall share INCREASE in A/S ratio, not decrease! For those bad at math it means they effectively added 4 Billion to the current 6B Share Structure and then divided it by 100 with a reverse split to have the appearance of lowering it. After the split they have a "new" pool of 40 million shares to sell off at the higher post-split price; further driving it down and diluting to less worth. Everyone can guess what would happen to current share price if an additional 4B shares were dumped on the market in current structure. Share holders (like me) get screwed in the process.
So much for a real company...what a Fuqk@E$#@! shame this has become. I would LOVE to be wrong on this one, but I don't see it right now with what they just released; anyone else have it worked out? Buyout at $5 post split? Anyone? Bueller? Bueller?
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