Thursday, August 20, 2020 10:36:30 AM
I will have a stern response to the contrary on basically everything they said other than the need for audited financials.
Not sure who's giving them advice, but they really don't have a clue what they're talking about.
An 8:1 RS would reduce the share count to ~8mm shares. More importantly, the float would be reduced to below 2mm shares, which is much too low. No institutional investor could take a position and it wouldn't solve any issues related to the valuation.
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