So the current belief is that there are 36mil shares out there. So the current value of the company is almost $300 million.
No wonder this is bombing.
Here is the way I see it. They timed the 40-1 split specifically when they did so that they could use fuzzy language in the 8-K released on January 3rd. The 8-k on Janusry 3 stated that the closing had to be completed by January 7th or a reasonable time thereafter. Guess what happened on January 7th... oh a 40-1 split.
Dirtball move if you ask me. We need a serious explanation of what is happening.
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