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So you think lowering the float to 1.13

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benosufan   Saturday, 08/17/19 07:38:14 AM
Re: Moving On post# 2054
Post # of 2230 
So you think lowering the float to 1.13 mil from 17 mil is going to make a huge difference? My point was they could return their commons and use those shares for acquisitions. The OS is mostly their own shares. They could retain control by giving themselves preferred shares. The RS will essentially delete all common shareholders....the very few that hold 17 mil float. They are not gaining anything with the RS except erasing 16 mil shares from the float. Yeah, the PPS will increase with the split but as we all know the PPS won't hold.

Watch, they will reissue themselves shares after the split.


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