It would make alot of sence to do a R/S before the merger. That would be alot better for us as long as they lower the A/S at the same time.
mec: Couple of things.
cgfia can use the merger as a form of reverse split. sierra could be the surviving company with all cgfia common shareholders getting 1 sierra for 1000 cgfia shares. See the R/S there?
Also, a pink sheet sub penny corp doing a reverse split is never a good thing for share holders, ever. But cgfia doesn't need to do a merger to do a reverse split. Just do the split.
Either way, cgfia share holders will be on the losing end of any guyer deal. imo.
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