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Mining Global Inc. MNGG
Posted On: 10/12/2014 4:05:10 PM
Post# of 12259
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Posted By: Natural Treasures
Re: kiddo #1461
It's still good. But I think you meant 5 billion Outstanding shares. With the note purchase for $100,000 the authorized shares will drop from 10.1 to 9.1 billion. The buy backs, if I understand correctly, will purchase existing shares and retire them. That will drop outstanding shares by the amount purchased. I'm still unclear how the authorized shares will come down. They need to for the positive impact. Maybe Joel could drop in for an update. It's been explained but I worked almost 100 hours this week and my brain is going WHHAAAA ZAAAAAP!













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