Wednesday, June 27, 2018 2:11:34 AM
Its not that simple. As the new incoming CEO of a public company, it is practically impossible for him to respond to shareholder inquiries.
He is looking at the NOBO list, evaluating where the O/S is and who holds common stock.
His lawyers are accounting for every single share in the public float, to see if there have been any mathematical errors by the Transfer Agent and previous officers or any active market makers that has been participating in the trading activity of GVSI.
Any outstanding short is required to cover whenever there is a change in the share structure.
If there are discrepancies that need to be resolved, he certainly could not disclose that without putting a current shareholder at risk for insider trading or disclosing insider information.
The A/S is going to be R/Sed from 7B to 700M. 1 for 10.
If the R/S of the O/S mirrors the A/S, the O/S would be roughly 200M. 1 for 10.
That would be fine.
If he does a larger R/S to the common stock that wipes out current shareholders, its over.
That’s the risk we all face.
High risk if it goes bad, High reward if it goes well.
Hope that helps.
GLTU, IMO and FWIW.
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