Auscrete Corporation (ASCK)

[piker86]

If there is a buyout offer, that would prompt them to do the reverse split, so they can issue shares to themselves again and dilute out existing shareholders, and get most of the buyout money for themselves. That would be completely consistent with their past behavior in my opinion.

If they give themselves 50 million shares again, as they have after the past two reverse splits, that would make the post split OS about 54 million (about 4 million today, after the split, plus 50 million for John and Co.)

The enterprise value of this company is about 2.5 million, if they get a buyout offer of twice that, or $5 million, thats 10 cents a share.