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Re: lynne351 post# 3345

Friday, 09/25/2009 8:22:30 PM

Friday, September 25, 2009 8:22:30 PM

Post# of 8311
I think you are all focusing on the wrong stuff here. The reverse split itself is not the major issue. It is premature and it will change the psychology of owning the stock and it may take a beating in the short-term after the split but that would not be a real problem to long-term investors. Oxycite will prove to be a great product in the next few years and it will become sop in ambulances and emergency rooms. The real problem is that the Vatea group will be buying discounted shares for the forseeable future thanks to the crappy deal management made and Stern will have a boatload of shares to give away/sell. Investors will do well but the big upside to this company that many of us have been waiting for for so long will be drained out of it in dilution. I don't want to keep pushing this point but it is the real problem with voting for this reverse split and leaving the authorized shares untouched.
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