Post by
JetJaguar on Nov 07, 2019 8:45pm
FYI-
SUBSCRIBE TECHNOLOGIES ANNOUNCES PROPOSED CONSOLIDATION OF COMMON SHARES Vancouver, British Columbia, Canada – November 7, 2019 – Subscribe Technologies Inc. (CSE: SAAS, OTCQB: SRBBF, Frankfurt: 6GQ) (“Subscribe” or “the Company”) announces that it is proceeding with a share consolidation, on the basis of one (1) new common share for every ten (10) old common shares held (the “Consolidation”). The Consolidation was approved by the board of directors of the Company on November 4, 2019. As a result of the Consolidation, the 58,039,189 common shares which are currently issued and outstanding will be reduced to approximately 5,803,919 common shares. Each fractional common share equal to or greater than 0.5 common shares will be rounded up to the nearest whole common share and each fractional common share less than 0.5 common shares will be rounded down to the nearest whole common share.
Comment by
divot111 on Nov 08, 2019 12:38am
Well that explains the massive selling last few days. Its awesome when others are given time to unload before the public is made aware. Welcome to pennystock land.