ProElite, Inc. (fka PELE)

[DalaiTom]

I would still think that if they do a r/s, it would only be in order to attain a higher share price as part of an uplisting. Otherwise, I see no reason to do so. The uplisting would be the only advantage to doing a r/s, Otherwise a r/s is generally considered to be a negative.

I've always understood that a r/s would effect all classes of shares. That's why I didn't understand the part about "whomever owns the stock will be in a position to drop some of their preferred shares". In the case of a r/s, they would likewise have proportionately less shares.

Also, none of this can happen unless the stock is trading. If the stock is trading, that would be the best news for this stock in over a year so I would expect the share price would reflect that and at a minumum we would be back where we were before the grey sheets (around .08).