July 11 PR Quote: "The Company wishes to emphasize to shareholders that once the 10:1 reverse split occurs, the freely trading common shares will reduce sharply to approximately 499 million shares. The remaining majority of authorized common shares will be issued to the restructuring partners and will be restricted shares under the 1933 Securities Act. All the toxic debt has now been eliminated and there will be no unscrupulous dumping of shares into the market as service to debt ever again. The restructuring partners will never consider such a financing arrangement in the future and will not allow that predicament to occur to the Company or its shareholders again. In contrast, the restructuring partners of the Company are committed to growing the Company and shareholder value significantly for the long term."
you are right, the 10/1 is unheard of in pennyland and if the certificates are filed right away we will get our shares in 3 business days.Citibank took less then 3 days. So like u said I think this company is trying to make an impression on shareholders so I dont expect to wait weeks. I dont expect any real pr's until all our shares are issued as well.
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