so now your saying the 100:1 won't happen?
you seemed pretty sure it was going to for the last 3 months.
"The Board of Directors believes that the Reverse Split will affect all holders of shares of Common Stock and shares of Common Stock underlying convertible notes equally but will not affect the outstanding shares of our Series B Voting Preferred Stock or the authorized shares of Common Stock."
That's from the 14C. So your not really telling us anything we didn't already know about it not affecting the preferred he owns.
"The Board of Directors believes that a Reverse Split should, at least initially, increase the price of our shares of Common Stock to approximately $3.00 per share, in the event that our Board of Directors elected to implement the maximum reverse based on a one-for-one hundred (1:100) ratio."
Those were the days....
"Accordingly, there can be no assurance that the market price of our Common Stock after the Reverse Split would increase in an amount proportionate to the decrease in the number of issued and outstanding shares, or would increase at all, that any increase can be sustained for a prolonged period of time or that the Reverse Split would enhance the liquidity of, or investor interest in, our Common Stock."
Like I said, you think he's going to do it to go to $0.16? So it can collapse down to a penny in a week?
Let's say he has his heart set on getting listed on the Nasdaq. If by some stretch we recovered to $.40 or better, he may do a 100:1 then. By then most of us we'll be long gone.
AI
