Correct me if I'm wrong but that statement was made prior to the 20 mil registration. Hard to imagine SB throwing in a substantial portion of his wage anticipating a RS. There were 4 inside buys shortly after that occurred. My thought is the 20 mil was the decision/alternative to the RS option. Any response in regard to my perspective would be appreciated.
Why would Sunil and Marc buy shares ahead of knowing this? Seems pretty stupid, knowing that with the utmost certainty the stock is going to drop even more after the reverse stock split. Braeburn would get burned on this too with all the shares they now hold that are above the current price.
The dog only keeps falling one step more at a time...unreal. They would need like a 4 or more multiple reverse split to even come close to listing requirements.
What is the maximum shares they are allowed to have now without seeking stockholder approval?