Crunch,
For me it was not a knee jerk reaction. I read it. what peeps missed is the 20:1 R/S. the 1 M "Preferred will completely be held when new articles of Incorporation in Delaware goes into affect and not available to common shareholders, Nevada does not allow "Preferred Shares only Common Shares". The 600M authorization will be split to the level of 30M outstanding with a Maximum A/S of 100 M resultant to only very few forward stock splits, if any. They will perform the 20:1 R/S prior to "ANY UPLISTING".
The scenario as I see it...
1) increase of Auth Shares to 600M
2) Perform R/S 20:1 resultant lowering O/S to 30M
3) File new Articles of Incorporation in Delaware with 100M A/S Maximum
4) with New Art of Incorp all 1M Preferred Sh will be divied up to Insiders
5) To approve an amendment to the Company’s certificate of incorporation to decrease the number of authorized shares of the Company’s Common Stock from 600,000,000 to 100,000,000 upon the consummation of the reverse stock split; and
Did everyone miss the "Semi Colon with the word and" after "Reverse stock split" above ???? what was intentionally left off or "Whited Out" ??
The following is in their "Fine Print"
Effect on Issued and Outstanding Common Stock . Depending on the ratio for the reverse stock split determined by the Board of Directors, a maximum of 20 shares of existing Common Stock will be combined into one new share of Common Stock. Based on [●] shares of Common Stock issued and outstanding as of [____] [●], 2016, immediately following the reverse stock split Quantum-Delaware would have approximately [●] shares of Common Stock issued and outstanding (without giving effect to rounding for fractional shares) if the ratio for the reverse split is one-for-25 .
Regards
Sunny)))
For me it was not a knee jerk reaction. I read it. what peeps missed is the 20:1 R/S. the 1 M "Preferred will completely be held when new articles of Incorporation in Delaware goes into affect and not available to common shareholders, Nevada does not allow "Preferred Shares only Common Shares". The 600M authorization will be split to the level of 30M outstanding with a Maximum A/S of 100 M resultant to only very few forward stock splits, if any. They will perform the 20:1 R/S prior to "ANY UPLISTING".
The scenario as I see it...
1) increase of Auth Shares to 600M
2) Perform R/S 20:1 resultant lowering O/S to 30M
3) File new Articles of Incorporation in Delaware with 100M A/S Maximum
4) with New Art of Incorp all 1M Preferred Sh will be divied up to Insiders
5) To approve an amendment to the Company’s certificate of incorporation to decrease the number of authorized shares of the Company’s Common Stock from 600,000,000 to 100,000,000 upon the consummation of the reverse stock split; and
Did everyone miss the "Semi Colon with the word and" after "Reverse stock split" above ???? what was intentionally left off or "Whited Out" ??
The following is in their "Fine Print"
Effect on Issued and Outstanding Common Stock . Depending on the ratio for the reverse stock split determined by the Board of Directors, a maximum of 20 shares of existing Common Stock will be combined into one new share of Common Stock. Based on [●] shares of Common Stock issued and outstanding as of [____] [●], 2016, immediately following the reverse stock split Quantum-Delaware would have approximately [●] shares of Common Stock issued and outstanding (without giving effect to rounding for fractional shares) if the ratio for the reverse split is one-for-25 .
Regards
Sunny)))
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