Reading the 8K as a whole, it appears to me that Kim went way out of his way to try explain why this might be a benefit to shareholders. I mean he even foresaw the "going private" concern and addressed it in a bullet point of it own. Yet people choose to ignore that completely.
I am not saying that a R/S is the best idea, and even the details in the form explicitly say, that if the shareholders vote for the possibility of a R/S, if the Board decides that it is not necessary or in the best interests of the shareholders within the year, they can abandon the reverse stock split at any time.
After reading it, it is clear to me that Kim put everything in there to show that he was looking out for the best interests of the shareholders.
I have to assume that Kim is fully aware of the backlash that a R/S will cause, yet he did it anyway. I choose to believe that he has knowledge that will silence the critics.
BTW, the PR was awesome. Too bad it was overshadowed by the R/S news. There must have been a reason that Kim released both at the same time. Maybe he thought it would lessen the blow, but I tend to believe that he has always released info when it will be most beneficial for the long term value of the company. Not the short term share price.
After KBLB is a success. I would love to get a full documentary on everything that went on behind the scenes over the years.
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