InvestorsHub Logo
Followers 82
Posts 5178
Boards Moderated 0
Alias Born 12/27/2010

Re: ApollyonZ post# 56249

Thursday, 01/24/2019 2:31:38 PM

Thursday, January 24, 2019 2:31:38 PM

Post# of 186029
So if Big board criteria is $4 per share and company only intends to use if this criteria can't be met organically expect the R/S but that is a long way away. So they have covered PPS from $0.01 to $2 in the R/S estimations.

Something tells me it will fly on it's own and many of us will have sold by the time RS conversation gets real.

Just a wild guess but the range of 1-2 thru 1-400 isn't arbitrary. They need to cover all continencies.

Including not to use RS at all which is on page 8 of PRE 14C but I see that is not in your Synopsys.

Our Board of Directors reserves the right to elect to abandon the Reverse Stock Split, including any or all proposed reverse stock split ratios, if it determines, in its sole discretion, that the Reverse Stock Split is no longer in the best interests of the Company and its stockholders.