Correct! The vote will approve the RS no matter what you all vote. Once it happens, they will then have enough authorized shares to cover the outstanding warrants that will be converted to stock. When the conversions happen, dilution will drive the price down again. The only think I'm not sure of is when the conversions will happen post split. It may be soon, it may be a while. Either way the door to dilution will be open.
It makes you wonder how competent the management is to have bought into a shell that was so screwed up share structure wise, and after they buy it they claim they didn't know how bad it was.
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