Replies to post #125489 on Medical Marijuana Inc (MJNA)

[Det_Robert_Thorne]

No,most existing shares wouldn't revert back

The point is that they have always had 5B authorized shares, because they never legally changed it.

While it's possible that shares issue before the incorrect reverse may revert, shares issued since likely wouldn't.

As they released shares after the bogus reverse, technically, they were violating SEC rules, by selling (giving) more shares than authorized.

This change back to 5B likely means that there are probably 2B outstanding shares, but they now have the headroom to issue 3B more.