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Re: fatherofseven post# 3453

Tuesday, 04/13/2010 10:39:43 PM

Tuesday, April 13, 2010 10:39:43 PM

Post# of 8105
well its from previous experience... I've been around a long time and I've never seen a RS on something with this small of a share structure... so its easy to assume the intent is to wipe out all existing shareholders.. its pretty hard to conclude anything else. particularly since its COMPLETELY UNNECESSARY. They could dilute probably even more succesfully, and net more revenue from selling new shares into the float after a 1 for 10, or 1 for 100.. or no RS at all.. its actually going to complicate things for them going this far out of their way to make sure the few existing shareholders left are wiped out, because its going to be hard to rebuild enough liquidity and volume to sell shares into with nearly a zero float, and angry existing shareholders in the public float upset for a LONG time about what they did...