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Tuesday, December 11, 2018 1:01:11 PM
It could well be the reason they never showed any dilution in their filings is because they're doing this massive reverse split. After that occurs, then they would start adding more shares.
Almost always, a reverse split of this size is very bad news, but we'll just have to see. I think the odds are against this company, but if you have a little invested you can afford to lose, it might be worth hanging in there in the event the RS is for a worthy purpose.
I still think they never should have put out the news that the biggest reverse split they would do would be 1:20. How can you ever gain investor's trust again when you say that, then do the complete opposite?
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