It has always been my thought that they would do a reverse split after TADF merged with TACAIR. The only way they could offer TACAIR 47% of the company was to double the amount of shares. It has been my opinion that after TADF acquired TACAIR, then the reverse split would bring back the level of shares.
TADF doubles the shares to engulf TACAIR, then reverse splits to bring the number of shares to some a little more reasonable.
This view is not very popular. Reverse splits have been used by other companies to continue to bleed cash from the stone however in this particular case, I don't see as a 'death blow' for the company.
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