Series B shareholders did OK. 2017 Reverse Split
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Posted On: 11/20/2022 12:52:23 PM
Series B shareholders did OK. 2017 Reverse Split
Results of the last stock split in October 2017
Series B Preferred Stock - In connection with the reverse merger, the Company issued 2,000,000 shares of Series B Preferred Stock. Each share of Series B Preferred Stock automatically converted into 30.8565 shares of common stock after giving effect to the reverse stock split that occurred on October 3, 2017. Holders of Series B Preferred Stock are entitled to vote and receive distributions upon liquidation with common stockholders on an as-if converted basis.
Interpret it how you want. But there's 14c filing (approved between 100:1 and 1000:1 Reverse Split) hanging over common stock shareholders for 8 months now. Toughest part now is the company does NOT have issue any other statements IF they decide to go forward with Reverse Split.
just due diligence...not personal
in my humble opinion
cheers
Results of the last stock split in October 2017
Series B Preferred Stock - In connection with the reverse merger, the Company issued 2,000,000 shares of Series B Preferred Stock. Each share of Series B Preferred Stock automatically converted into 30.8565 shares of common stock after giving effect to the reverse stock split that occurred on October 3, 2017. Holders of Series B Preferred Stock are entitled to vote and receive distributions upon liquidation with common stockholders on an as-if converted basis.
Interpret it how you want. But there's 14c filing (approved between 100:1 and 1000:1 Reverse Split) hanging over common stock shareholders for 8 months now. Toughest part now is the company does NOT have issue any other statements IF they decide to go forward with Reverse Split.
just due diligence...not personal
in my humble opinion
cheers
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