It won't increase it's par value, but it will increase the share price by the number of the reverse split. So, NSAV's price will go up 15 times the pre split price. Usually, the company will reduce the number of authorized shares at the same time, but not in this case. They're keeping that at 1 billion. The number of issued shares will shrink to about 60 million. The advantage for the company is that they get their share price up, and with penny stocks, they can continue to sell them down to raise more money. However, in this case, I believe it's being done to make it easier for the loan companies to dump their shares as they would only have to dump possibly 10-20 million, instead of 300 million, or so. Post split, I predict the price will be around a half cent. With a little manipulation, that should be able to be taken up to a couple of cents. With an all out promo and manipulation, it could go up to .10 -.20, but don't say I said that. Nobody knows for sure. But, I believe the loan companies didn't get into this for nothing. They entered the scene about a year ago. They probably want to cash out now, then possibly do it again. I believe the delay to May 7 is so they can get all their ducks in a row.
News 
Market Data 
Discover 
AI
