I was originally thinking that too, but if that occurs the OS will only be ~30M and float ~19M post offering (25M + (3.5M @ 20)), which imo is too small a share structure for a company on the NYSE MKT. I base that on some of the listings I've been researching, which I admit doesn't count for much :)
cliffnotes, I recall it being stated that the reverse would be no more than 1:10, but sorry can't provide a link :-(
If the 1:10 is not valid, I'm personally fine w/whatever is decided as I understand (from your past posts) that it is the valuation that counts & I have every faith that management will do what's best for the company & for our best interests.
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