Replies to post #2185 on Sollensys Corp. (SOLS)

[hedge_fun]

They corrected. Glad I could help,.......

[hedge_fun]

Eagle Lake will own 11.4B shares? Holy moly........If

FINRA failed to approve a R/S now, how does The Beaver know if they will approve it later?

The Company has received notification from FINRA that FINRA has not approved the Reverse Split, due to certain information not being available with respect to a certain holder of the Company’s Common Stock which had acquired shares of Common Stock in 2012.

At a later date, Eagle Lake intends to convert its 19,000,000 shares of Series A Stock into shares of Common Stock, which will result in the issuance to Eagle Lake of 11,400,000,000 shares of Common Stock and result in Eagle Lake holding approximately 95.8% of the Company’s issued and outstanding Common Stock.
Further, the Company intends to effect a 1-for-120 reverse stock split (the “New Reverse Split”) of the Company’s issued and outstanding Common Stock, and to also reduce its authorized shares of Common Stock from 12,000,000,000 shares to 300,000,000 shares following the New Reverse Split.