Wednesday, May 16, 2007 3:38:32 PM
I was thinking that maybe, because they needed the money, they exhausted all of the shares per press release this week. Now that they have enough to operate and continue in their amazingly well planned path they can look into getting a better share structure by way of reverse merger/split etc. I feel like if they diluted after a R/S or R/M, it would look TERRIBLE. But now that they have diluted to the point where they are going to be able to operate on top of lowering operating costs, the reverse would open up oppurtunities and basically be a pot of gold for us.
I don't know if this is a common practice or even a legit hypothesis but i feel like it wouldn't be a bad idea in Esprit's situation.
open to comments TIA!
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