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Re: chainma1l post# 5723

Friday, 09/11/2020 12:58:52 PM

Friday, September 11, 2020 12:58:52 PM

Post# of 5842
It has held a dollar for a long time. There are a ton more shares being swapped now than 3 years ago. If you listened to the conference call, they did state that nothing changes mathematically in a reverse split. It does allow institutional investors that cannot purchase stocks under $5.00 to purchase. It also allows them to potentially raise capital to repurchase the preferred shares. Either way, it’s good for the commons in my opinion. The sooner we get the preferred stock retired (or manageable), the sooner we get to reap the rewards of a dividend.