I believe it is being done to slowly squeeze out the minority shareholders. In many states, if a shareholder has less than 1 share it is easier for the company to buy them out. Frankly, I'm surprised Mr. Shustak has time to be CEO, given the SEC charges he's now fighting.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.