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Wednesday, August 08, 2012 11:09:22 AM
My guess is that the authorized will be raised up from 200 million to prevent a reverse split.
Hey Lakers, I'm sorry but I've heard you say that about 2 or 3 times already and it just doesn't make any sense. You don't raise Authorized Shares to "prevent a reverse split"...you raise the A/S so that you can sell shares into the market...a reverse split happens when the A/S gets so high (in the billions usually) that nobody buys the stock anymore from all the dilution and the stock usually sits in the .0001/.0002 range. We're a long way from that here...a 138M O/S is very small for a stock trading at these levels.
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