RE:RE:NO Reverse Split AND News Coming . Patrick2Linton wrote: Goldy63 wrote: So seems the bashers are lying yet again about a RS yawn whats new . Check your messages boys . The boss has spoken . And yes I love my Bay and with that huge loan TOM made for almost a Half MILLION $ drilling coming ?? opps right right check your messages lol and no RS . Thats a bigtime commitement from Tom . He knows we have the goods bigtime and thats serious skin in the game . Spew on bashers . Long Bay.
The boss has spoken and no reverse split. LMAO. Good thing SH community doesnt have to put up with posters anymore that like to lie about communications from company CEO's. Gracias. Tik tok. Grinnnn. Cheers mate Yup. Hummm. Without prejudice. But make sure you check your messages.
And this a few months later on May 17 in an official company press release:
Consolidation
The board of directors of the company has approved the consolidation of all of Aston Bay's outstanding common shares on the basis of four preconsolidation common shares for one postconsolidation common share to take effect immediately prior to the closing of the offering and upon receipt of TSX-V approval. The reasons for the consolidation are to increase Aston Bay's flexibility in the marketplace and to make the company's securities more attractive to a wider audience of potential investors.
The company currently has 178,453,594 common shares issued and outstanding. Assuming no changes in the number of the common shares outstanding, after giving effect to the consolidation (prior to taking into account the common shares issued in the offering described above), the company would have approximately 44,613,399 common shares issued and outstanding.
Any fractional interest in common shares resulting from the consolidation will be rounded to the nearest whole common share. If accepted by the exchange, Aston Bay will retain its current name and the consolidation will occur immediately prior to the closing of the offering (as defined above).
The exercise price and number of common shares issuable upon the exercise of Aston Bay's outstanding stock options and warrants will be proportionately adjusted to reflect the consolidation, in accordance with the terms of such securities.