Tuesday, January 10, 2012

ONTC - Reverse Split to Turn 1,000 Shares Into 1 Share

Today ONTC pushed through a 1,000 for 1 recapitalization of its stock. Amir's almost 200 million share stake will turn into a measly 176,000 shares. Ironically he reported 47% stake yesterday based on the last reported outstanding share count, not enough to over rule this complete shaft of all ONTC common equity holders.

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