I will call nevada corp division and check with them what the stock split was about. They closed today for holiday. the company doesnt' take my phone call.
asdgwest said: "When Nevada Secretary of state doesn't put any note about split, it's usually stock split of preferred shares, maybe conversion to common. Same as RIGH. Someone called nevava corp, they said it's preferred shares split. SSPT has very low number of preferred, 11M. RIGH has 500M."
Your claim doesn't make sense. The number of authorized preferred shares is also part of the corporate record with the SOS of Nevada just as are an increase in common shares. More recent posts have not supported your interpretation of the claim posted here on the SSPT board. Also, a conversion of P/S to C/S does not require a stock split as you seem to believe.
Furthermore, I searched and reviewed posts on the RIGH board regarding your claim posted as the quote above. The person who called the Nevada SOS seemed very uncertain in what he/she was really told.
Certainly there was no information that Nevada SOS stock split filings without accompanying notes are "usually a split of preferred shares" as you claimed about SSPT.
You also said: "This is good move. They convert preferred, instead of inceasing a/s or doing r/s on common."
Based upon apparently faulty information, it seems you are not able to say whether or not SSPT's split filing with the Nevada SOS will be positive or negative for investors.
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