Sharing 1 of karma's tea leaves. Hard to believe t
Post# of 12539
(Total Views: 131)
Posted On: 10/25/2023 9:47:15 PM
Sharing 1 of karma's tea leaves. Hard to believe this
Who actually thinks this 400:1 split won't happen when reading the DEF 14C filed on October 23, 2023 and Pre 14C filed on October 13, 2023.
https://www.marketwatch.com/investing/stock/s...d=17000358
974.75 mil shares to become 244,000 shares?
who are those 974.5 mil shares being freed up for?
remember, the preferred series A (ceo) and series C shareholders (ceo's posse) do not get affected by a Reverse Split. They keep their tens of thousands of shares.
post split price (if today) = $6.40
what's the value of the preferred series A and series C shareholders (VIP club)
Always that 1 stockholder controlling the whole circus.
in my opinion
cheers
Who actually thinks this 400:1 split won't happen when reading the DEF 14C filed on October 23, 2023 and Pre 14C filed on October 13, 2023.
https://www.marketwatch.com/investing/stock/s...d=17000358
Quote:
The Board (ceo & brother-in-law) approved a resolution to give to the Board of Directors (ceo & brother-in-law) of the Company
974.75 mil shares to become 244,000 shares?
who are those 974.5 mil shares being freed up for?
remember, the preferred series A (ceo) and series C shareholders (ceo's posse) do not get affected by a Reverse Split. They keep their tens of thousands of shares.
Quote:
The Reverse Stock Split will not affect the shares of Series A Preferred Stock of which 12,000,000 are issued and outstanding and/or the shares of Series C Preferred Stock of which 275,000 are issued and outstanding.
post split price (if today) = $6.40
what's the value of the preferred series A and series C shareholders (VIP club)
Quote:
The adoption of the foregoing Corporate Actions will become effective 20 calendar days after the posting of this Information Statement.
Quote:
The total aggregate of all of the shares of Series A Preferred Stock as a group are entitled to take action by written consent or vote equal to 84.1% of the total voting shares outstanding. For the approval of the Corporate Actions, the Company received written consents from 1 stockholder of the Company together holding 84.1% of the voting power of the Company .
Always that 1 stockholder controlling the whole circus.
Quote:
CERTIFICATEOF CHANGE
Upon the effectiveness and on the date that is twenty (20) days following the posting of this Information Statement , the Board of Directors shall have the Company’s Certificate of Change filed with the State of Nevada in order to effect the Reverse Stock Split.
in my opinion
cheers
(0)
(0)Sun Pacific Holding Corp. (SNPW) Stock Research Links
Scroll down for more posts ▼