CHRISTOPHER PETZEL: you should read this too
This was from Twitter back in December and all the quarterly reports since then, including the one from 19 days ago state:
"Furthermore, the Company has no plans to reverse its Common Stock"
and in the previous quarterly:
"The Company has not instituted a reverse stock split and has no plans to do so".
John Equi ?@equijohn · 27 Dec 2015
@emajinews what is the target for SS? Continued reduction planned?
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Emaji
?@emajinews
@equijohn As we've stated once or twice, there are currently 0 plans to reverse stock.
The post I've been searching for (with no success unfortunately) was the one that talked a bit more about a R/S in the event Emaji were to acquire a revenue producing company. If memory serves me correctly, Christopher stated that the new entity (in this case, Broadbase Enterprises) would have to be seasoned and operating on all cylinders before a share structure change would even be considered.
We are no where near that stage in the game presently. These things take many many months, if not years to implement.
Those of us that have been following this company for at least 1.5 - 2 years , are well aware of what was stated concerning the R/S and Christopher Petzel has stuck to his word thusfar.
Now he needs to continue sticking to his word.
Like I said, it makes absolutely ZERO sense to have placed so much focus,spent so much personal and private investor money on share buybacks, retirements, cancellations and continued share buy backs (aka 400+M shs presently being bought back out of the float), only to R/S the stock this prematurely?
Makes no sense, and is the reason why I've been accumulating and backing Christopher all this time.
If I'm proven wrong, and he dumps a huge R/S on his loyal shareholder base after promising and stating otherwise, well, then the GAME ON turns to GAME OVER and we limp along.
I'm in the camp that says he's a man of his word.
