Red Giant Entertainment, Inc. (fka REDG)

[rickn23]

Actually, a reverse split would make a lot of sense.

Pay off all the convertible debt with interest, and pay off the penalties. It might take nearly all 6 billion shares.

Then do a 10 to one reverse split, but keep the authorized shares at 6 billion. There would only be about 600 million shares outstanding. New notes could be issued to pay for the GSL. Every shareholder takes a haircut, but things become viable again.

It puts the company financially where it was two or three years ago. This time the GSL is ready to launch (plus or minus some stuff (bags, advertisers)).