I first heard about the FL R/S A/S requirement on the WNSH board before it R/S'd to AVNE. Prior to the split, WNSH raised its A/S to astronomical levels. Someone who seemed knowledgeable about FL securities law posted that in FL the A/S must be split along with the O/S. That, he claimed, was the reason for the increase in the WNSH A/S.
Do you have experience with R/S's in FL? If so, please provide the source of your information. Thanks.
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