And here's where Mr Lobster is being disingenuous:
5. The R/S price will be based on the current share price. He says " no one should lose..what's the difference of one share at .0002 or, pick a number of shares x .0002."
Or he doesn't know much about reverse splits. They ALL lose 50% or more of their value following the split. Recently, most sub-pennies that split are sub-penny once again in a matter of months.
Recently a BB company with the ticker MOYC announced a 1:176000 reverse. Their very clear object was to get rid of nearly all of the non-insider shareholder base. I suspect Mr Lobster has something similar in mind.
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