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Monday, April 08, 2019 8:43:35 AM
But I try to save investors from losing everything when I see red flags on a stock. I see the writing on the wall. Ur trapped, if they don't RS then u get diluted to 500 million shares and then at that point management will come back to shareholders and ask to either increase the AS to 750 million or even a billion shares or ask for a reverse split again. At that point you will HAVE TO CHOOSE! The company needs money to operate. The red flag is staring right at you. No company with 175 OS that has a 500 AS asks for a reverse split with that low of an OS. Thats a huge red flag right there that they wanted to get the ok on the RS. They will now dilute u to 500 million OS and then you will be forced to choose between an RS or increase the AS. I really don't understand why they didn't offer 2 votes to 1) they give shareholders a chance to increase the AS to 1 billion or 2) an RS this last time? Nope, they just wanted the RS. Poor management all around here. Maybe I'll buy some in the .00's cause that's where its headed. GL
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