JP 3E Holdings Inc (JPTE)

[surfkast]

I concur with what you believe is the likely scenario is very possible as yes they can R/S the common and leave everything else alone.

So if preferred shares and warrants can be excluded from a reverse split then I think the plan is to destroy all common shares and send all old bagholders packing. Park can pull a token "reduction" in the A/S which isn't remotely proportional to the R/S. The effect of such a tactic is actually a massive increase in the A/S thereby giving Park all the "new" shares he wants.