Replies to post #3495 on Ameritrust Corp (ATCC)

[Murdoc]

If that's the case then he is basing it off todays closing price and seems certain the proper filings and actions will take place by Monday's open. Should be interesting

[DewmBoom]

If they are a serious company and want to uplist quickly, then 10:1 is the most they can do. But even then the float will be low at 4.8 mil shares. It would be much better for them to show some impressive performance and lift the stock first to 0.5 or so, then do a 5:1 RS instead. This will put the float at a more reasonable level of 9.6 mil.

[Imarket13]

Why would he purchase 142 million common shares and then do an rs? That wouldnt make sense