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Friday, June 30, 2017 8:41:23 PM
Even if they are providing just an informed opinion, they should realize they are the designated IR and should make a formal release about an impending r/s instead of to individual shareholders. Anyway, I thought it was only fair to share a couple of my IR emails today as we've all been here waiting and hoping. I didn't mean to upset anyone, I thought people would want to know what I was being told.
I sincerely hope they change their minds and don't effect an r/s, but I don't see how they would change their minds about it. That may be the only way that new management gets paid. R/S and then issue more shares to themselves and cash out? Isn't that how it works? And wipe out current shareholders in the process? I can't imagine that new management care anything about current shareholders. I would imagine they just want to get paid themselves.
All the above is just my personal opinion.
The content of my posts are my opinions only.
This is in no way a suggestion to buy or sell any security.
Consult your own financial advisors for investment advice.
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