It implies a *R/S* is cominggggg... to the tune of 1:100!! 5B! A/S /100 = 50M(FULLY "diluted") 40M "Common"/10M "Preferred" Notice the word "collectively".. that means ALL! entities acquired through the "Merger", therefore.... 24M/40M = 60% Personally, I'm impressed w/ the Co.s involved in the "conglomerate" & their revenues.. BUT! that's NOT the issue here....RESPECTABLE! pps IS! There's NO! way with $35M+ in revenues SARO allows this to FLIPPED!/traded @ 1/10th!! of a penny... get REAL! The 8K says it ALL!!.. just a matter of time before it's executed.. IMO. HYPE(good in this case) is one thing.. but REALITY!(SEC filing) "trumps" ALL! GLTA!