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firebag1

02/23/14 2:27 PM

#58748 RE: MilkMoney #58744

all i know is the ceo stated he will let us know before hand so i dont know the answer specifically when either, only luther and the upcoming board members will know when its coming and they will release it when they figure its in their best interest, yah hear what im saying?

1234zxcv

02/23/14 2:31 PM

#58753 RE: MilkMoney #58744

here CEO comments of R/S of 1/10 from facebook.


https://www.facebook.com/pages/Luxuriant-Holdings/1419811544925474?ref=stream
February 15 from Luxuriant Facebook...

would like to explain the benefits of our upcoming share restructure. Many of you have contacted me recently concerning this topic. I will start off by saying I completely understand everyones concern, 99% of the time reverse splits are the kiss of death for otc and bb stocks. Through the years I have witnessed countless companies execute splits without notice on unsuspecting shareholders only to dilute them back into oblivion. I am here to explain why what I am doing is different. Our current outstanding common share count is 6,000,000,000. I inherited this, there have been absolutely no shares issued in my tenure. This number, although not impossible to deal with, makes starting up in our new sector aggressively nearly impossible for various reasons. It effects our ability to raise capital in a manner favorable to our shareholders. It is very detrimental to our share price and in my opinion leaves our stock open to manipulation from unfavorable forces. Also, with the depressed pps comes an aura of unprofessionalism in dealing with state and local governments and other businesses in our sector. With these factors taken into consideration I decided to execute the reverse split, but at a very small ratio (1:10) as to not harm current shareholders positions. I also announced that fact as soon as it was decided so those whom did not agree with me had ample time to exit, and with current news all have and will have the chance at a profit. The greatly reduced share structure will allow us to execute our aggressive plan vigorously, and quickly grab market share in every oppourtunity available. I believe all of you that invest with us for the long term will be very happy as we have months worth of exciting events which we will update you on frequently. Once our structure is reduced our pps will move at a much faster pace, I anticipate rapid growth. I give all of my shareholders and future investors my word I will only issue stock in the most favorable conditions to my shareholders and will be in a preferred status. There will be no dilution. Funding has been secured and it NOT DILUTIVE. These are most exciting times and am glad to be at the helm with this oppourtunity in cannabis legalization providing a growth opportunity not rivaled in decades.
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