Replies to post #2087 on Ironwood Gold Corp. (fka IROG)

[dtrain3303]

That makes no sense, if they did a 1/20 rs then they had to go to 25 million. 500 million divided by 20 equals 25 million. If they increased the number of shares it wouldn't be a reverse split. So your post makes no sense.

[DiamondFire]

Nobody3: 25mil AS! lol !!6 mil OS!!: your right - the company did not have to also lower the AS which for me is the biggest deal of all on any SS. From the 8 K last October:



SECTION 5 -       CORPORATE GOVERNANCE AND MANAGEMENT

Item 5.03              Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

Effective October 28, 2011, after receipt of approval from the Financial Industry Regulatory Authority (“FINRA”),  Ironwood Gold Corp., a Nevada corporation (the “Company”), effected a 1-for-20 reverse stock split together with a corresponding reduction (from 500,000,000 to 25,000,000) in the number of authorized shares of the Company’s common stock (the “Reverse Split”).

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8209296