15 July 2016capital raising announcement● NeutralMajor
The company changed its name from NL One Corporation to Flagship Global Corporation and its ticker from NLLN to FGCN, and did a 1-for-8 reverse stock split effective June 17, 2016. Shares outstanding fell from 348,890,000 to 43,611,250, with Stansbridge (owned by Gary Richard Brown) holding about 40,501,000. Each shareholder's percentage stake is unchanged by the split; authorised shares and par value stayed the same.