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Re: roger wilco post# 7677

Sunday, 08/11/2013 10:06:17 PM

Sunday, August 11, 2013 10:06:17 PM

Post# of 7992
I have to agree with you on several points, but the reverse split you continue to mention in pretty much every post you make would be a far fetched idea lol. Even though the bloated share structure as you call it is in fact high, only a very small percentage of it is owned by retail shareholders. Less than 100 million shares are in the float (retail) while the remaining 2 billion are held by management. So, with those figures available can you tell me who would benefit from a reverse split.

Lakers was mistaken when he refered to insiders holding prefered shares. They actually hold restricted common shares, and there are no prefered shares issued or outstanding.