Biostax Corp (BTAX)

[CannaZoid]

We’ve all seen RJ Dailey’s share count on this board. It obvious he or others like him keep this thing afloat while their is no revenue. Why would he and other board members agree to this unheard of split unless they were sold a bill of goods that they will benefit beyond what they will lose in retail value if a reverse split went from $7.00 to $1.00 as they usually do?

The only positive I take away from them agreeing to a reverse split is that they must believe there is something behind the scenes that will support the share price to some degree (especially their preferred shares)... So that’s encouraging as you can’t do a reverse split, sell a new CEO a job, expect to pay him $650,000 annually if you didn’t know there was something big behind the curtain.

I may even think the “Reverse Split or We Go BK” is a total strong arm to execute the “preferred shares” and is a bluff... I’ve never been part of a reverse split that benefited me, I’d vote “No” and let them execute the plan fairly at these market prices...