Hi Guys do any of you think the following is possible? If they currently have 6 million Korean shares and they do a 10 for 1 split they need 60 million shares. This 60 million could include all management...
EMPM has 195,837,336 OS
132,260,669 restricted held by Saean and 650k held by old ceo.
a 1 for 2 reverse split of 195,837,336 will reduce the OS to 97,918,668
The price at current market cap jumps to $3.38 per share
Saean still holds almost 60 million shares to complete the share swap post reverse split.
30% is still open for unrestricted trading and price is set for NASDAQ.
We still have same % of shares and our price per share goes up but our profits stay the same because we are holding less shares.
Here is where it gets good. only 32,788,333 shares are unrestricted for 6 months. Market cap could still be 1-5 billion. Demand could go up drastically with the reduced number of shares as institutional investors come in. Our shares could be worth $10 - $20 in very short term.
If the tech takes off and Saean becomes a household name and takes on Tesla like SAEAN states. I kind of welcome the harder to get reduced number of shares. Its all about supply and demand.
Just playing with the numbers and different ways to set the price for nasdaq.
Whats your thoughts?
