In 2014, when the company filed a pre-14c announcing that the A/S would be increased by 1 billion shares, many shareholders wrote the company and received the following response:
Pretty strong conviction for what the A/S would be used for and inspired a lot of shareholders to stick with the company despite a drastic decrease in the pps when a lot of people got out because of the announcement.
In the end, the company neither issued shares to endorsers, nor were reserved shares held to back preferred shares, nearly the full billion were issued to cover notes and the company purchased a diwtribution company, Avanzar.
Now that a pre-14c has been issued announcing a pending reverse split, everyone should do their own DD and come to their own conclusion, but the past track record should be weighed IMO.
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