Here is the line that concerns me:
“The Board believes the Reverse Stock Split is necessary and advisable in order for the Company to maintain the Company’s financing and capital raising ability.”
Underline “financing and capital raising ability.” that’s code for “We’re gonna reduce the number of shares and then dilute the Bejesus out of this, so we can pay the rent on our overpriced condos and Mercedes’.”
Hope I’m wrong, but so far I haven’t seen these guys do anything right yet, except buying this old shell.
Recent CSOL News
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