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Wednesday, November 09, 2022 9:19:05 AM
Please follow me on the logic relating to the uncertainty surrounding the potential 1000:1 to 100:1 Reverse Split.
14C Still not happening anytime soon $SNPW Waiting on our investment grade review from Lloyds "A" or better
Still not happening anytime soon = still not happening anytime "soon" but still not canceled
Still not happening = "still" not happening[/color] but still not canceled
If it's still not canceled, why couldn't "still not happening anytime soon" mean "happening...but not anytime soon".
But what does "not anytime soon" mean to the company versus the shareholders.
The problematic issue could be with shareholders trying to hang on until they can figure when they will they get through that cryptic "not anytime soon" period. The "not anytime soon" window without a cancel is now closing, compared to 8 months ago, when the 14C Reverse Split was approved by the 2 board members. It seems very obvious that a Reverse Split is very important card to play... within the next 4 months for the company...but not the shareholders.
Logical minds realize that the 14C filing had to be a necessary option for the company. Otherwise, why file the approved Reverse Split 14C filing, in March 2022, if it was NOT needed? Even though the company tweeted it was "NOT even necessary" after filing the 14C?
Finally, shareholders should be concerned, why the 14C was filed, after the board-approved Reverse Split between 1000: 1 and 100:1, if it was "NOT even necessary" or "NOT happening anytime soon". That, by itself, does not make any sense. Why not wait until the company knows it is more likely to happen versus more likely to not happen.
So, by simply filing the 14C, when they did, in my opinion, reflects the company's need for 1000:1 to 100:1 a Reverse Split, before March 25, 2023 or sooner. Shareholders, giving up, between 100 to 1000 shares, they own, converted to a single share,
may be the only option
My 2 cents. But 2 cents is almost 2 1/2 shares these days.
just my opinion
good luck
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