Tenax Therapeutics Inc (TENX)

[king oil]

I'm not sure why I have to keep repeating this for you, but here goes.

Your example assumes that no additional shares are issued post-split. I am saying that additional shares will be issued (the blog practically spells this out for you with the reference to raising another $20M in capital).

So your example showing that our equity remains unchanged is academic and won't last very long. It will exist for a very limited period of time. Our equity remains unchanged only for the time period where OXBO does not issue any additional shares. In my opinion this time period will be very brief.
It will be much easier and cheaper for Vatea to take a majority position post RS with management issuing shares than if Vatea tried to purchase shares on the open market.

Regarding a takeover by Vatea:
Note that the blog didn't directly answer the question re: Vatea taking over the company. The blog said that Vatea is the largest shareholder but doesn't have a majority position. I expect this to change very soon after the RS. I fully expect Vatea to take a majority position after the RS and you won't ever have to vote for anything again as an OXBO shareholder.

And lastly, while uplisting is usually a very good sign, let's not exaggerate it's importance. It's not a guarantee of success. There have been many companies on major exchanges that failed. There have even been many companies on major exchanges that were manipulated and were total scams (Worldcom, Enron, etc.).