For once I got ya Jannice. No - I mean CMKI the predecessor to CMKX!
It had a 10 to 1 FS or an 8 to 1 FS I forget which now, back in 2000/2001.
Investors were delivered their shares early and thinking they were seeing an instant 10 banger sold. Well there were some delays in the actual execution of the FS and it turned out that those investors who sold and drove the price from around .10 cents to about .015 cents had to buy the shares back.
The stock quickly went from .10 to .015 or so and back to like .07
All kinds of confusion, lots of people pissed off, and one simple rule, investors were forced to COVER.
Same should apply with GVRP. If you cant do it within the share structure of the company then give a 30 day notice to have the hockey pucks cleared or else have a $1000 a share post ILLEGAL REVERSE SPLIT share buy in.
Broker's for investors who sold in error would be on the hook to pay out once their clients went belly up.
I bugged the crap out of my full service broker and they said Chill Billy, the stock has not split yet!
Before you criticize a man, walk a mile in his shoes. That way, if he gets angry, he's a mile away and barefoot.
