Firemans Contractors, Inc. (FRCN)

[Value_Investor]

Wrong! Any huge R/S will always destroy all the existing shareholders no matter what price one bought the shares at unless the AS does the same factor of R/S! In FRCN case: if 1:100 R/S kicks in the new OS will be reduced to 7.96M shares but most likely the AS will still be at 2B shares, instead of being reduced to 20M shares. The huge R/S and the endless huge OS dilutions are the two intrinsic risks residing in every so-called OTC Reporting (OTCCI, OTCQB, and some OTCLI etc. tiers) stock! That is why I prefer to invest in those non-reporting (OTC No Information tier) stocks because I never need to worry about the endless huge dilutions until the price crashes to 0 x 0.0001 then an huge R/S kicks in! The non-reporting OTCNI stock usually has no any dilution risk at all due to the same FIXED SS and no any R/S risk due to no motivation to dilute the OS to keep the so-called "Reporting" status; On the other hand the so-called OTC Reporting stock often means the endless huge OS dilutions and the repeated huge R/S!