OpGen Inc (OPGN)

[chillswills37]

Ollie won't sell OPGN; no more milllion$ salary on average per annum. Insider ownership is a mere
1.70% (Fintel). The real money is in hefty salaries for top tier management and BOD. If they sell the firm, their gravy train is derailed. Ollie is the visible ringleader & engineer to keep their salaried gravy train on track and running. Three reverse splits in four years (the third is proposed) have kept them nicely housed in upscale neighborhoods and, given the expansionary CEO, very well fed indeed, not to mention sleeping soundly after counting shareholder cash cows.

OPGN Reverse Splits (R/S) history.

01/19/2018 1 for 25
08/29/2019 1 for 20
Proposed 04/14/2022 1 for 5 up to 1 for 20

04-14-2022 "Reverse Stock Split. A vote to approve the adoption of an amendment to the Company’s Amended and Restated Certificate of Incorporation, as amended, to effect a reverse stock split at a ratio not less than five-to-one and not more than twenty-to-one, or the 'Reverse Stock Split,' such ratio and the implementation and timing of such Reverse Stock Split to be determined in the discretion of our Board of Directors (the 'Reverse Stock Split Proposal');