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Monday, July 14, 2008 9:18:43 PM
I went to shareholder meeting after they increased the A/S to 1.2 billion. They said they raised it that high because they didn't want to have to raise it again. I asked if they would do a reverse split and they said they wouldn't.
Nobody bought the stock after the split because of the RS shadow hanging over its head and it settled back to the .0002s again.
They had other choices and blew it with the RS. Didn't affect them because they didn't own shares but it affected the shareholders. We would have a lower AS and OS today if they had not done the RS.
Sloth
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