Saw this coming and posted about it many times, this was dead since Dec 2010.
Scam since inception
1000/1 pretty nasty...I guess the dilution starts as soon at the split happens. Might be a new ford truck in Kens future, maybe even be able to rent back the office space the pole dancers took.
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With the reverse split, it lowers the OS while giving Ken/Katx an increase in the non-issued shares from AS. AS remains same, OS decreases.