Looks like the market is not liking the RS - at least initially. There are some good long term ideas mentioned in the 14C, such as attracting interest and uplisting to OTC QX. We'll see how it goes...
Reasons for the Reverse Stock Split
Our Board believes that, among other reasons, the number of outstanding shares of Common Stock has contributed to a lack of investor interest in the Company and has made it difficult for the Company to attract new investors and potential business candidates. Our Board proposed the Reverse Stock Split as one method to attract business opportunities for the Company. Our Board believes that the Reverse Stock Split could increase the stock price of our Common Stock and that the higher stock price could help generate interest in the Company by investors and provide business opportunities and potentially enable the Company to be listed on the [OTCQX]. However, the effect of the Reverse Stock Split, if any, upon the stock price for our Common Stock cannot be predicted, and the history of similar stock split combinations for companies like us is varied. Further, we cannot assure you that the stock price of our Common Stock after the Reverse Stock Split will rise in proportion to the reduction in the number of shares of Common Stock outstanding as a result of the Reverse Stock Split because, among other things, the stock price of our Common Stock may be based on our performance and other factors as well.
AI
