Replies to post #4510 on Insynq Inc (fka f/k/a INSQ)

[satelliteguy]

Honestly, I don't know their reasoning. If they had simply wanted to reduce the number of shareholders of record (a very common goal for companies that want to reduce their administrative costs), I assume that they would have done a reverse split at a ratio more like 1:1000 than 1:7.

After the R/S, there are 107,142,857 shares authorized but only 4,452,020 outstanding.

[surfgreen]

In hopes they will re-list at a decent pps if the NIR debt gets settled