Oh, hello, reverse split.
Hm, "I told you so" just doesn't cut it. Silly rabbits.
Will it be approved? Who cares. That's not even the point. The point is that shareholder equity is so destroyed, coupled with such non-existent, non-revenue generating catalysts, that the company feels this is the only recourse, which is like... DUH! No kidding. No kidding this is a terrible company with nothing of actual merit going for it. They literally made their shareholders eat crow while their lenders got rich off absorbed debt for insolvent, irrelevant companies. Sweet!
And if the reverse is approved, what catalysts will exist then? Well, the same ones as now... none. And will the A/S decrease, too? No, because of all the debt on the books. Sooo you know a big fat fresh batch of dilution will be crushing the PPS back to .0001 again.
Predictable disaster.
