I agree with you. I was in one with a company LVXI and now is Maptelligent. I bought about 20 Million shares there at .0001 and when news came out that they were doing a RS it went to .0003 I sold at .0002. They did a 4000 to 1 RS unreal that amount! Just giving an example to what I experienced with that and why I agree with DJK. I do realize there are people that have a higher average and that part is why I think Henry said its a sensitive subject with what to do. I rather PHIL do a share buyback even if short term doesnt feel too good if SP goes down, imo it's alot better middle and long term as a RS won't be needed imo. Others may see it differently but I do understand it may get frustrating.
Imagine seeing a report like this with a company your invested in.
This is from LVXI last year now Maptelligent.
Dear Stockholders:
Las Vegas Xpress, Inc., a Nevada corporation. (the "Company"), hereby notifies our stockholders of record who hold shares of our common stock ("Stockholders of Record") as of the close of business on July 22, 2020 (the "Record Date") that our Board of Directors and a controlling stockholder holding a majority of our outstanding voting capital stock have approved the following corporate action (the "Corporate Action"): (i) a reverse stock split of the outstanding shares of common stock, par value $0.00001, of the Company ("Common Stock") at a ratio of 4,000 for 1, whereby every 4,000 pre-reverse stock split shares of Common Stock shall automatically convert into one post-reverse stock split share of Common Stock, without changing the $0.00001 par value or authorized number of our Common Stock ("Reverse Stock Split"), and (ii) a Certificate of Amendment to our Amended and Restated Articles of Incorporation to effect the Reverse Stock Split. (iii) change the name of the Company from Las Vegas Xpress, Inc. to Maptelligent, Inc. The Board believes that the Name Change better reflects the nature of the Company's anticipated operations.
The Corporate Action was unanimously approved by our Board of Director on July 22, 2020. On July 22, 2020, stockholders holding 2,761,144,614 shares of Common Stock, representing approximately 52% of the voting power of the outstanding capital stock of the Company, approved the Corporate Action by written consent in accordance with Nevada Revised Statutes (the "NRS")
Go PHIL
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