RXSF OS was 1,510,252. IMO Insiders protected themselves in the 1-200 reverse by issuing themselves the preferred B that did not raise Capital. No PR was released stating the purpose of issuing the Preferred shares to themselves at 1000-1 conversion rate into common RXSF shares. Some would like you to believe it was to prevent a hostile takeover, but we all know there are other ways without diluting the common shareholder further. Following this conversion, the total shares outstanding is now 11,510,252. Adding the numbers from the reverse with the 10 million additional shares to a 1,510,252 float that was not issued for Capital, further dilutes the common shareholder another 10 fold.
And not to be forgotten, RXSF will still need CAPITAL!
Following the conversion, the total shares outstanding is now 11,510,252.
I am using this forum for it's original intention. It was created to discuss both points of view staying within the guidelines of the TOS. Remember where we are at all times. It is a DISCUSSION FORUM. Let's keep it real! This is not Trading floor on WALL
