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Re: mrcoolmilli post# 32174

Wednesday, 05/03/2017 11:57:53 PM

Wednesday, May 03, 2017 11:57:53 PM

Post# of 183214
Actually, I think an RS might be in the future, but not until all convertible debentures are satisfied. It does not make sense to reverse split simply to have shares to dilute further. But that does happen, so who am I to say no one would do that.
However, in this case, the AS and OS are too large. A reverse split would shrink the OS, and then a reduction of AS could put the SS into a better position. Without looking, I think the AS is about 10B on this one, and that's at least 4X to high. The OS would have to be well below 2.5B in order for the AS to be reduced substantially.
I do have a few mil shares in BVTK. I am interested in the potential. But the SS is seriously out of balance and needs to be restructured. I would not be against an RS if it's in conjunction with a reduction in AS.