Viropro, Inc. (VPRO)

[Bepractical]

The RS is to free up shares in the O/S that will then be used for issuance in the mergers. The degree of the RS is substantial because they want to up list and a minimum requirement is 3 dollars for Nasdaq Capital Mkts, and their intent is for multiple acquisitions. Before this announcement there was simply no where near enough shares available to perform any of this.

Even a hundred to one RS would have prohibited up listing and after 2 acquisitions you would have been nearly maxed out again. This is precisely the reason why the did not reduce the AS from 1.6 billion