Recent

% | $
Quotes you view appear here for quick access.

Options Media Group Holdings, Inc. Message Board

  • cowboyman613 cowboyman613 Nov 5, 2012 3:15 PM Flag

    STRONG SELL!!! OPMG OPTIONS MEDIA MASSIVE REVERSE SPLIT COMING!!! 1: 250

    OPMG: Authorizes Reverse Split 1:250
    + Increase in Authorized Shares.

    From 10-Q:

    On August 2, 2012, the Board of Directors (i) approved an increase in the Company’s authorized common stock from 1,500,000,000 to 8,500,000,000 shares (“Increase in Authorized”); (ii) authorized the Company to effect a 1 for 250 reverse stock split of the Company’s common stock (the “Reverse Stock Split”); and (iii) authorized the Company to negotiate with creditors to convert existing debt into Company equity. The amended articles have yet to be filed with the State as of the date of this report and the reverse stock split is subject to approval and thus, the effects of such recapitalizations have not been retroactively applied to the accompanying unaudited condensed consolidated financial statements.

    Sentiment: Strong Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
OPMG
0.000.00(0.00%)Sep 28 12:23 PMEDT