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Sun Pacific Holding Corp. SNPW
(Total Views: 97)
Posted On: 04/22/2022 1:57:45 PM
Post# of 13617
Posted By: Wallstreet1234
Re: ThreeEmInEn #1134
Stock buyback before reverse - this is what a poster posted on ihub. Unbelievable and would be bad for current shareholders. Authorized shares are not subject to a reverse split - only the outstanding.

So if Snpw was to buy back shares 1) they would further dilute current shareholders as they would not be subject to a reverse and 2) Snpw would benefit from buying shares back at the expense of the current shareholders. If they did a 1,000:1 reverse split these shares would increase 1,000k. This is why many companies list in the reverse filing they will not buy back shares pre split

I am sure the poster is dreaming thinking it would be good but it would be bad. Doubt Snpw would ever be involved with a stick buy back pre split. Such silliness . My opinions.













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