InvestorsHub Logo
Followers 2
Posts 274
Boards Moderated 0
Alias Born 11/18/2009

Re: double/down post# 72086

Thursday, 03/31/2011 2:52:25 PM

Thursday, March 31, 2011 2:52:25 PM

Post# of 83044
In order for your R/S scenario to happen, CPRKQ has to come out of bankruptcy. In order for CPRKQ to come out of bankruptcy, they need to have a POR approved by the judge, and financing to commence operations. If they have financing to commence operations, then they do not need to raise additional funds by selling shares. A reverse split could be used to shrink the share structure to a more reasonable number than 6 billion, but the amount a shareholder holds will not change (ie: 25 shares @ $1 per share = 1 share @ $25 per share). If you're asserting that they will dilute again after a R/S, I see that as highly unlikely. One, we've already determined that the company has the necessary funding by being allowed out of bankruptcy. Two, the shareholders posses a majority of the shares, and would more than likely vote down any attempt to dilute their holdings more.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.