Yuengling's Ice Cream Corp (YCRM)

[trader59]

The only way a real company can RM into an existing share and maintain the ownership of the company they built is to wipe out the legacy stock from the previous business. The people who hold those shares didn't give the incoming business a plug nickel and don't really deserve partial ownership of the new venture. That wipe-out is usually a large reverse split affecting only the common stock while the new company owners holdings are unaffected.
That description they gave is confusing, but it seems to imply the owners of Reachout are going to own the vast majority of the stock in this ticker. How they're going to get there is vague.