Replies to post #2032 on Coretec Group Inc (CRTG)

[playingthegame]

23-Dec-2010

Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Statements



ITEM 5.03 AMENDMENT TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR
On November 19, 2010, subject to stockholder approval, the Board of Directors of 3DIcon Corporation (the "Company") authorized an amendment to the Company's Certificate of Incorporation in order to (i) increase the authorized shares of the Company's common stock from 750,000,000 shares, par value $0.0002 to 1,500,000,000 shares, par value $0.0002 (the "Increase in Authorized"), (ii) effect a reverse split of the Company's common stock in a ratio in the range between 1 for 10 and 1 for 25, as will be selected by the Company's Board of Directors (the "Reverse Split"), and (ii) create a series of "blank check" preferred stock consisting of 25,000,000 shares, par value $0.0002 (the "Blank Check Preferred"). If the Board of Directors elects to implement the Reverse Split at one of the approved ratios, it is authorized to do so until June 1, 2011.

[Mogus]

While there are always exceptions to the rule, in general reverse splits are bad for shareholder value. Price per share typically plummets following an R/S. Nobody except the insiders know when or even if said R/S will take place--they have until June 2011.

More worrisome to me is the fact that A/S has doubled coupled with the fact that 3DICON has a long history of diluting its stock.

[4themulla]

from my experience from RS they usually make the stock go up for a few days, BUT during that time it is very hard for you to trade them since your trader is waiting for the stock issuer to send them the info on the split. during that time from past experience the stock take a HUGE dump. thats why i got out now. it could be within the next few weeks this could happen.