Replies to post #75574 on Global Diamond Exchange, Inc. (GBDX)

[Tacoz]

of course they announced it on the nevada business s.o.s. because the new shares devalue all the existing shares- which is regarless of who holds them- the company reserves or the public shareholder- in both events the total sharecount is divided by the company values. not only that, the company is free to flood out shares that it holds on to, then to follow that up by a reverse split, and then they can say people who hold less than a full share under the new structure own a piece of nothing and need to pay in more money or forfeit their share.