> If NITE joins the next MM at 1001 then chance to buy 1 share for RS/FS play is over
The DEF 14C doesn't specify what type of split they are doing, it just says that at their discretion to do a RS and/or FS at different levels (1-10, 1-20, 1-50, 1-100, 1-250, 1-500, 1-750, 1-1000).
It does state that they "shall be determined by the Board at a later time and at anytime until the next meeting of the Company’s shareholders ".
Did you call the company and find out more info on the RS and/or FS details? Or are you just speculating at this point that 1 share will be reversed to a fractional share and then rounded up to 1 whole share, and then forward split to 10-20-50-100 etc. shares?
I still own 100 shares from the last roundup deal, and i'm wondering if it would be better for me to sell 99 of them.