You seem like a nice person, but you should believe what jermart is telling you. It has been stated that financing is needed to complete field testing, etc.
An R/S will free up shares for issue for them to have a majority and for financing deals, that is necessary to avoid you all throwing them out like Huppe (which by the way I still believe is all a ruse anyway for RH to attempt to distance himself from the lies he has spewed and give a short term pump possibly or make you all more understanding of the need for an R/S).
But regardless, when you do an R/S, it automatically elevates the pps by reducing the o/s and float. They need a higher price because you cannot sell much here and it does not sound like they have many anyway. The pps usually goes up after an R/S at first (this is the time that common shareholders CANNOT sell in because the share swaps with the brokers take a few days, but insiders get new shares the first day), then it always falls after, usually because insiders or financiers with fresh shares start dumping.
Maybe it ends up right back here, but in the meantime they can raise money, pay all 5 salaries.... Rinse and repeat... Commoners always get the hose.
It really is that basic, hope you can understand it.
I would say you will get a minimum of a 5 for 1 R/S here, possibly a 10 for 1. Either way, your common ownership will get diluted.
Everyone has an opinion, this is mine. Refute it, agree with it,
or whatever..
Lurkers have homes
#board-8733
