M Line Holdings Inc (MLHC)

[tutankhamuns]

That would push the share price to .001 post-split.

With $1.8M worth of convertible debt still on the books, the PPS would go back to low trips within days. IMO

Anish wouldn’t waste a R/S like that... Not only would it piss off a bunch of shareholders who are already upset, but it would jeopardize liquidity for an indefinite period of time.

I actually think the current situation is worse than a RS because it will take a lot more volume to move the stock and further dilution is also guaranteed. At least a R/S would give the stock a chance to move, even if liquidity is sacrificed in the short term. Otherwise, you could see months of conversions below .0001, constant A/S increases and endless dilution on every catalyst.

I think a way out of this hole Tony dug himself into is by doing a tiny RS of 10 to 1

$MLHC