what's mean of belowing?
1)560million shares after merger = 70% of JCOF, means now JCOF has
800million share outstanding???
2) outstanding shares raise to 1billion, then reverse split 2:1
feel free to leave any comments....many thanks
"Under the merger AL Global Corporation d/b/a Youngevity (YGY), a California
corporation, became a wholly owned subsidiary of Javalution Coffee Company.
In the merger, the 100% of the shares of common stock of YGY were
converted into and became 560,000,000 shares of JCOF common stock. As a
result, the former shareholders of YGY immediately now own 70% of JCOF
common stock on a fully diluted basis.
In connection with the merger Javalution Coffee Company plans to
reincorporate in Delaware and change its name to AL Global Corporation. CLR
Roasters and Youngevity will operate as wholly owned subsidiaries of AL
Global Corporation. To effect the merger, Javalution Coffee Company amended
its articles of incorporation to increase its authorized shares to 1,000,
000,000 shares of common stock and 100,000,000 shares of preferred stock.
The Company also announced plans for a 2:1 reverse stock split which the
Company will be filing with the State of Florida and FINRA"
