I agree. I have sold 95% of my shares immediately after the announcement of the R/S and A/S being increased.
It is too bad there are so many companies out there that have (a) good product(s), have avenues for marketing, yet greedy, stupid, two bit CEOs and management find a way to F#@$ things up royally.
99% of reverse splits screw the current shareholders, and it appears that this one will be no different. With what Houlihan is proposing it is the equivalent of 75 billion authorized shares with the current structure. Not sustainable with what little business model there is.
Thanks to the people here that appeared to be bashing that were actually trying to warn us, you know who you are. I will be following you much closer from now on as it appears you have learned from these mistakes before many of the rest of us have.
