Our Bond plans to combine every 20 shares into 1, cutting outstanding shares from about 32.6 million to 1.6 million. Authorized shares also fall proportionally, so this changes share counts, not the reported business outlook.
This changes share counts, not how much of the company existing owners hold in total, apart from fractional shares rounded up. The filing reports no change to the company's operations or finances. It gives no reason to change the business outlook.
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