Replies to post #57142 on American Green Group, Inc. (AMNE)

[The Profit Taker]

I don't think so. I believe they did this so they could do the split. I think you actually divide by 5 since its a 5-1 forward split. Im trying to find that info....I will let you know.

[The Profit Taker]

Ok...from what I have found it seems that most companies (not just pinks) authorize more shares before a split happens. This is an old example I found.

US Global Nanospace, Inc. today announced that its Board of Directors and majority stockholder has approved an amendment to US Global's corporate charter to increase the number of shares of common stock available for issuance from 100,000,000 to 300,000,000.

US Global's Board approved the increase in authorized capital stock in order to also approve, in principal, a two for one forward split of its common shares. A record date for the stock split will not be fixed until SEC approval for the increase in authorized shares is received and the corporate charter is amended, a process projected to be completed in or before thirty business days.