RGSE WILL DILUTE AGAIN as they always do. RGSE wanted the shareholders to “...approve an amendment to the Company’s Articles of Incorporation to increase the authorized number of shares of Class A common stock from 150,000,000 to 250,000,000” and the measure was narrowly voted down. They will try again at the next available opportunity.
When the increased A/S was voted down it places the company in a tight spot to raise capital. They will raise capital and it very well will come at the expense of shareholders. Now to get the needed share availability for dilution and capital raise it will come as a R/S to lower the float while retaining the 150,000,000 A/S and then diluting up to the A/S again.
It’s still a matter of dilution then BK.
