Jamis...I would agree...for the mostpart.
Logically-speaking, most of us knew this could be in the cards, but hoped it wasn't. I fully concur that it is imperative that some ginormously good news accompany any substantial dilution &/or (gulp) R/S developments. And we all know what will happen if it doesn't play-out that way.
I noticed that the R/S hi/lo trigger range was not entered into todays notice. These proposals are obviously aimed toward uplisting , & in using the minimum Nasdaq entry requirements under the 'minimum closing price alternative' of $2./shr , I reckon that a R/S of 'roughly' 1:20 would be the minimum we could anticipate at current levels.
We have very little control over how this all shakes out & I certainly hope mngmt plays their cards right on all this. If they do go thru with this, I also hope mngmt sees their way clear to re-set the costs of all outstanding warrants & options to be in-line with the R/S numbers...I'd hate to think insiders could still buy each share at .06-to-.12cents/shr & not share the pain with the rest of us stockholders....that would be a deal-breaker for me & I've seen it happen with a few other stocks...that eventually went belly-up.
Fingers crossed.............
AI
