sorry, but this is a VERY different stock, which most of you seem to not understand, because you just tuned in from all the hype. i have been here since the beginning of rnva falling to the otc from the nas. this company is only here because they failed to meet naz listing qualifications after a series of r/s last year. they made an acquisition and ascertained $4mil of funding in october, which is what the dilution is from. they have additional debt that has been deferred until next year. but, they also have a new acqusition that needs to close to make this company viable and grow. they also need equity relief for additional funding for continuing operations, once the acquisition is closed. they also need additional equity relief for employee stock incentive plan. all of the these things are reasons why the r/s and authorized share increase in absolutely necessary. you say that the dilution is finished, and it is not. they have just tapped out of shares to issue right now. they have 500 mil authorized. they can't do any of the aforementioned things without modifying their capital structure. this is not an otc play. this is a real company that is in jeopardy of remaining viable without the cooperation of their shareholders. i will bet the ceo is not happy to have such uninformed and low information shareholders on board now, who think that the company is just another "penny stock" play, when it is not. there are also institutional holders in this play who want and need for the company to return to the big board. they are not going to allow this stock to get pumped and dumped. the company is not worth .25 or even .10 or even .05 right now, with 500 mil outstanding. their debts exceed their assets right now, and for a real company, that is not good. and, they do not need to continue trading on the pinks. that is why they need the r/s and to increase the authorized again. and, maybe even yet another r/s before they return to the big board. to play this like a typical pink when in 13 days, the shareholder meeting occurs regarding the r/s and authorized, and you better believe that the preferred debt holders who are holding commons are voting YES to all of the things the company is requesting. so, don't count on a r/s not happening in the very near future.
