Jadite, I was talking about my own situation of course: I have been through too many reversed splits and not even once the company announcing the reverse split had ever recovered the pps to the point where I could get even half of my money back. Maybe I wasn't invested in the right company but I can't say for sure this is the right one.
I came in from CEGE and I believed that GVAX would do well so I voted for the BPAX merger - look what happend: they sold GVAX for peanuts. I am afraid the same may happen to Libi.
Another reverse split would mean a disaster for me. if we have a 1:5 split, I am looking at $45 per share postsplit to get my money back. What are the chances of that happening when 99.9% of the time in my experience, the pps tanks to the point of no return. You know it: getting pps down is easy, try getting it back up...
Anyways, I am not saying no to the merger. I am saying no to the merger at these terms: remove the reverse split, golden parachutes, get the pps to the levels where RS is not necessary, and I would gladly change my vote. Currently, I feel nothing but offended by this offer.
