OTCPK:MEAOD - Post by User
Comment by
BASTILLEDAY4Uon Feb 03, 2017 8:04pm
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Post# 25798365
RE:RE:RE:RE:Consolidation of Shares?
RE:RE:RE:RE:Consolidation of Shares?romara wrote: Management can do what they want....PP's are a gold mine to these people, they finanace the PP themselves through another shell company, and give themselves a whole free warrant, or half a warrant.... after the hold period... they sell the shares, and warrants back into the market ... They can make a nice living doing that ... a real money machine ..... Richrd
Maybe trying to avoid this with the 1 for 10: Pending Share Consolidation. Where an issuers shares are trading below the minimum pricing requirement, the issuer would be required to consolidate its shares prior to conducting a financing of its shares at a price per share that is less than $0.05. In order to complete a consolidation of shares, an issuer would be required to obtain shareholder approval, which may hinder the issuers ability to complete a financing.