It is necessary in order to wipe out the existing shareholders and continue on as a 'new' company. People need to contact Brent and ask him flat out how this deal won't decimate everyone. His answers are sure to be entertaining.
Yea. I don't think Brent has Pink Land mentality. He seems to come from upper levels of investment.
It could be he didn't even think about the devastating affect the "R/S" word has down here in pinky land. I don't think he would intentionally hurt and discourage the investors here in the pinks - unfortunately it happened though.
This R/S is for a constructive and beneficial purpose, unlike most every R/S here in the pinks - which are total scams to line the pockets of the owners and shaft investors.
Quick gains won't happen here for a while maybe, but for the patient I do think things will work out well for this company.