Replies to post #20504 on Evercore Holdings Inc (EVHO)

[Flat Foot]

Isn't that another way of saying stock dilution?

Considering the R/S took the authorized CS from 20 billion to 900,000,000 but NOW the authorized CS is = 7,000,000,000.

And

It took the 200,000,000 preferreds down to 50,000,000 but NOW the preferreds is back up to 140,000,000.

Dilution ~ Naaa ~ There using all these shares for acquisitions
<cough - cough - cough>

I guess they sort of reversed the R/S with their so called certificate of amendment. dunno.

Currently, the Corporation's authorized capital stock is twenty billion two-hundred million (20,200,000,000) shares of stock, of which twenty billion (20,000,000,000) shares are designated as common stock and two-hundred million (200,000,000) are designated as preferred stock. Under the Certificate Amendment, on the Effective Date, the Corporation's authorized capital stock will be reduced to nine hundred and fifty million (950,000,000) shares of stock, of which nine hundred million (900,000,000) shares shall be designated as common stock and fifty million (50,000,000) shall be designated as preferred stock. In connection with the reduction of the Corporation's authorized capital stock, on the Effective Date and pursuant to the Certificate of Amendment, the Corporation will effect a 10,000-for-1 reverse stock split (the "Reverse Stock Split") of its presently issued and outstanding shares of its Common Stock.