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Re: JohnnyBlaze post# 31791

Sunday, 03/18/2018 11:08:05 PM

Sunday, March 18, 2018 11:08:05 PM

Post# of 61227
Ok... funding is locked down. So they aren’t selling shares... that’s good.

But let’s look at this. Someone told me earlier that the CEO has 65% of the shares. Well... after a reverse split he would still have 65% of the shares. Someone else has stated that the companies major objective is to move up to a better exchange. Well... the math is simple on that. The less shares they have, the easier it will be for them to move up. I also heard someone say that the CEO does NOT care about penny stock investors. That’s concerning.

Currently they have like 750 million shares out. To get on NASDAQ they would need 4$ a share which would give them a market cap of over 2.8 BILLION dollars. Who here thinks that’s ever happening?

So I’ll repeat my question. Has anyone confirmed there will absolutely be no reverse split? Because if they don’t care about penny stock investors and they want to move to a higher exchange.... a reverse split is a no brainer.