My understanding is that they (Orie) are trying to reduce the number of shareholders to less than 500 and do a 10-to-1 R/S (most likely to get rid of some of the share holders) to enable a potential acquisition.
Not sure what the acquisition has to do with number of shareholders or the pps. That’s what I am missing.
Usually, acquisitions are based on company value - not on number of shareholders or shares.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.