He will do the reverse split if needed. He just doesn't want to hit the stock now, for no reason. It'll be the Board's decision, not his. Besides, if you do a reverse split with the intent to uplist then the market won't punish you for it.
>> 2. Share structure.
I suppose they will be raising cash towards the end of the year, for capex in 2013. We don't know what the price will be then.
>> 3. Taxes.
Not everything is tax free. The restaurants and retailshops probably are not.
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