realistically, the company will have to continue diluting, to satisfy their debts......
REASON FOR REVERSE SPLIT
An immediate purpose for the Reverse Split is to provide enough shares of our common stock required to satisfy certain financial commitments evidenced by our convertible debt instruments. The Board determined that the settlement of these outstanding financial commitments could exceed our authorized shares of common stock
it took 6.8b shares to get us to this point..... how do you expect them to pay for 5-7 PH/s total? If the a/s isnt decreased, I would expect the pps to be Shorted & diluted back down to trips again, rather quickly.... imo, our best hope is for the co., to rinse & repeat & do another r/s prior to the 12 month preferred share maturation.... lol
