Good Morning JCMoney......!
With all due respect, there is nothing good at all about the reverse split in terms of how it affects those of us who are long term shareholders.
The Company will be left with all of the authorized shares remaining as treasury stock, and in my opinion has planned on selling a portion of these shares into a re-pump that will start contemporaneously with the introduction of the GTM. This re-pump will target new investors with a new story and will cite "growing pains" and a wide variety of other excuses as the reason for the ludicrous hose job they did on their original investor base. They will then, I believe, begin selling the higher priced shares while explaining that they need the money for development / production / marketing costs, etc to start getting their product out. Further, it will be interesting to see how many new post reverse split stock options are given out.
While we all knew of course that the Company was going to need more money soon, many of the "loyal longs" truly had faith that the funds would emerge as a result of a capital infusion from a partnership situation, or via another format of corporate finance.
While there was absolutely no need to crucify the existing shareholder base whatsoever, it was a quick and easy way to exponentially expand Revenge's access to cash from stock sales.
Sadly, the character and integrity of the ceo has remained constant throughout, with no thought at all to what is now going to happen to the people who gave him the dollars to start Company in the first place.
In my opinion based on more than 40 years in this business, there is no "good part" here for the "loyal longs", the PPS will begin to drop again after the reverse split is put to bed, and while I'm sure that at some point in time a stock in these circumstances did climb, I certainly don't remember one, and it would be a grossly aberrant circumstance when and if it happened in any meaningful way.
Simply put, I believe with every iota of my being that any faith which was placed in the ceo and his hand puppet has turned out to be nothing more than another handful of their human excrement rubbed in our faces. We have been used, abused and discarded.
However, as we all know……Karma is a bitch......!
