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Raven Moon Entertainment, Inc. - GINA D ROCKS
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[QUOTE]Originally posted by TopRob: [QB] A true team of scum bags from the CEO to the board of directors. They issued convertible shares knowing that when the mature date came it would push the O/S above the authorized 30B. They probably had no intention of ever paying out the convertible. So they had to do a R/S to stay legal. In the request, they even state that they will now be able to dilute again with the 30B authorized (see 1st sentence below). These crooks should surly go to jail. I'm just glad I got out last year. -------------------------- From PinkSheet: The reverse stock split will also have the effect of increasing the number of shares of common stock available to us for future issuances as the Amendment will not change the number of authorized shares of our common stock which will remain at 30,000,000,000 shares. At June 12, 2007, there were 23,529,968,644 shares of our common stock. At June 12, 2007 we had outstanding securities which are convertible or exercisable into an aggregate of 91,392,428,011 shares of our common stock if all were converted, including: 1. Series B Preferred Stock are convertible into an aggregate of 58,525,000,000 shares of our common stock; 2. common stock purchase warrants with exercise price equal to 50% of the ask price on the day of exercise are exercisable into an aggregate of approximately 326,952,464 shares of our common stock. [/QB][/QUOTE]
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