Thursday, July 25, 2013 2:12:31 PM
In my opinion, the authorized shares will likely be increased and we will not see another reverse split because management owns a bunch of preferred shares (they own most of the outstanding preferred shares) that could be converted to common shares.
I'm pretty sure SNDY's management realizes and learned from past reverse split history (they converted their common shares to preferred after the last reverse split) that another reverse split will inevitably drive the SNDY share price into the ground even further just like the last reverse split did rendering their "convertible" preferred shares to an almost worthless amount in their eyes.
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