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Monday, March 07, 2016 11:31:14 AM
If they were doing a dramatic Reverse Split, I would question their motives; however, with only a 1:5 or up to a 1:25, it is not that bad...even with a reverse split, they are wanting to decrease Authorized...sounds pretty good to me.
In other Stocks I have been in, it is usually a dramatic Reverse Split to get to like $7.00 to $8.00, because they know the PPS will tank with no news or financial results...then they immediately do an authorized share increase.
Not the case here at all, they want to get back to within compliance, they want reduce share count, they have been working with Debt holders, and they want to reduce share count significantly....looks like it could be very interesting by mid summer.
Best of Luck!
In My Own Personal Opinion Of Course!
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