Here's my take:
The reverse split will put our share price at 2.5 cents and the OS will be 8.2M, so we'll still have a market cap of around $0.2M. I still believe we are extermely undervalued. However, we have some new things to discuss, such as the merger with Great Lakes Water Association. Then it's possible that we will also have more dilution since the new AS will be reduced from 5B to 250M. That still leaves them room to dilute. Then we also have the $160M financing for our acquisition of Residential Income Properties. In addition, we have $22M in assets, and construction is going to begin shortly on the first 25 Lots. They also mentioned an upcoming acquisition in Okeechobee that is on very favorable terms to us. Also, we now know that we don't have the security company.
I'm not sure how the stock will react, but if it drops after the r/s, I think it will be a screaming buy at some point! I won't sell my shares, and if it goes down, I will buy more. Think about where this stock could be in a couple of years. The market cap is only $0.2M, LOL. Even if they diluted from 8M shares to an OS of 80M, the market cap would be only $2M.
Mike