You miss the point, the basic 1 for 20 was authorized sept 2013 in a blindsided shareholders meeting. A vote where the conman had effected increase authorized days before it was voted upon. 6 months later the ConMan assigned himself preferred shares to control any possible further vote, by means of sole board.
There's 1,000's of stinkies who hold full control of the vote that conduct privet meetings and vote and don't file changes in amendments until its too late.. In fact when the conman increased the authorized from 2 billion to 10 billion, he didn't carry a vote except with himself.
with the combination of sole board and majority preferred voting shares,, the presumption that he could change the amount of reverse split, was never far from speculation.. Due Diligence, knowing what exists, historical facts, in the case of this toxic scam, multiple times of misleading news reports, multiples of BS SEC filings, and blindsided actions. Due diligence is knowing the range of possibilities possible before you get slapped into a time warp.
The ConMan also claimed he intended to up-list when he pulled the con in 2013 as of the reasoning for reverse split and increased authorized from 500 mil. Obviously, a 1 for 20 has no chance in hell of doing this!.
Yet, pressure by sentiment can influence the Conman to some degree. Especially since FINRA have their eyes on the ConMan.
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