Innovative Payment Solutions Inc (IPSI)

[Renegades17]

Clarification



The R/S is strictly to effect the uplist IMO. It's quite likely they will first issue additional shares for M&A (Frictionless being a likely target) and this presumably will boost the valuation. Consequently, the R/S ratio will be lower as the price rises and be done after any additional shares are issued.

You need to think through the sequence of events. I wouldn't be surprised if they don't reduce the AS after an R/S (depending on the ratio). I don't believe that requires shareholder approval.