John,
what do you think about these numbers:
The Company is currently authorized to issue 100,000,000 shares of Common, of which [86,514,596] (pre-split) shares were issued
and outstanding at the close of business on the Record Date. In addition, 231,000 shares of Series M Preferred Stock and 35,000 shares of Series O Preferred Stock are outstanding.... The Company does not propose to modify the number of authorized shares of
Common Stock or Preferred Stock. It is estimated that after the Reverse Stock Split approximately [94,232,360] authorized but unissued shares of New Common Stock will remain, which shares will be available for future corporate purposes.
Regards,
Max Ghellere |
