the reverse split is for the convertibles... and appease those cunning investors
this is again to screw the bag holders here more
there is no buyer @ .0001 so if they issued shares for those convertibles they would have been like paper for these investors..
now to help these investors they are doing a reverse split. please check the financials they have huge convetibles pending . with reduced A/s they would not be able to even honor them.
After reverse split .. please be sure the A/s would be raised back to billions or unlimited again
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