Solar Power Inc. (fka SOPW)

[dazetrader]

$SOPW merger seems to be diluting the common-shareholders.

From the $SOPW 8-K Oct-30-2015, it says: "Issuance of American Depository Share. In lieu of issuing SPI Energy ordinary shares, American Depository Shares (“ADSs”) will be issued, with each one ADS representing ten SPI Energy ordinary shares, to holders of issued and outstanding share of SPI common stock.

Cancellation of SPI Capital Stock. The SPI shares of common stock, par value US$0.0001 per share, of SPI exchanged for SPI Energy ordinary shares will be cancelled.
Repurchase of SPI Energy Share. SPI Energy will repurchase the one SPI Energy ordinary share that was held by SPI prior to the Merger at a purchase
price of U.S. $0.00001, which share shall be cancelled.

http://bit.ly/1M1GFns

What are your thoughts on what this company is doing with this announcement?