Pulse Beverage Corp. (fka PLSB)

[gumbie05]

A REVERSE STOCK SPLIT would only work for PLSB (Co not shareholders) if they already had a pre-packaged financing deal with private investors. It would look something like this;

1. ALL remaining Notes would need to be paid OFF and not allowed to convert.
2. Some kind of settlement with TCA (very difficult but not impossible)!
3. At least a 100-200: 1 REVERSE STOCK SPLIT to bring the total OS to under 5-10 Million Shares. The stock would be priced at around $0.13- $0.20/ share and a "buyout" would occur at around $0.015/ share....Yes, a complete wipe out of existing shareholders but perhaps some kind of rights offering to existing Accredited investors could be offered. Nonetheless this thing would need to be brought back private and not contemplate going public again until it can achieve $15M is annual sales and at least be EBIDTA neutral!
- IMHO