Looks to me like if you own 1 share you will own 100 shares post split. If you own 100,000 shares, you will still own 100 shares post split. If you have one (1) share and divide it by even 1,000,000 you would still have a partial share left which should be rounded upwards to the nearest whole share which then would give you 100 shares post split as "no shareholder shall receive fewer than 100 shares, post-consolidation." That's the way I see it, FWIW. Some of these work quite well for those that didn't own many shares.
Best of luck!
JJ
SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport today announced that the company's Board of Directors has approved a consolidation of its common shares, effective August 20, 2010, on the basis of one (1) new common share for every one hundred thousand (100,000) of the old common shares. To this effect, the company has filed a Certificate of Amendment to its Articles of Incorporation
with the Secretary of State of Nevada. Under the terms of the consolidation, all partial shares will be rounded upwards to the nearest whole share and no shareholder shall receive fewer than 100 shares, post-consolidation.
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