#1 Red Sox Fan, here with HRDN...
That's the main thing that scares me the most with this HRDN reverse split. If they can reduce the Authorized Shares (AS) down to a more logical number versus the 30 Billion, then it might be easy to see some new potential in HRDN depending still on what they truly deliver as substance for the company. Truly they have got to see that if they don't reduce the AS down to a more logical number, then the company won't have a fighting chance with moving because of that "umbrella of fear" looming over the company now. The CEO has already lied to investors by telling everyone that they were not going to do a reverse split. Reducing the AS would be the least that he could do to make sense of the situation for starters and would be a huge start for trying to earn credibility back from the market. The market might then trust that he won't do such again.
Right now I'm licking my wounds here with HRDN and hopefully things change for the better, but the odds are not in our favor as shareholders. However, after being in another stock that just smashed us shareholders with a 1 to 10,000 reverse split, it hurts far less to have a 1 to 100 reverse split with HRDN. This is like having 10,000 shares post-split for every 1,000,000 shares owned pre-split. I'm not for the reverse split, but I'm trying to make some positive sense out of it since I am stuck in it.
Based on my math, after the reverse split, the OS would be roughly around 65 to 70 million shares with a share price starting at .01 per share. With this kind of share structure, if they don't re-dump on us, the stock could move very high with some very serious news of substance. Reduce the AS down to around 200 million or so or something far better than 30 Billion and then drop some serious substance into the company and the market just might have a forgiving heart.
v/r
Sterling
