Potentially yes. Holders of ENTB shares on 7/27 will have their their shares reduced by a factor of 1/150. The A/S on the other hand was only reduced by a factor of 12. The A/S at that time will leave a tremendous avenue for dilution...if ENTB so chooses.
The way share holders at that time get screwed is if the share price at the time of conversion drops from $.03 (assuming that our current pps at .0002 holds until then). Such drops most often happens.
However, IF: business plan transactions occur that supports renewed life for ENTB with growth emphasized: ENTB management does NOT capitalize on increasing the O/S by issuing new shares for non-productive, non-business enhancement purposes - the pps will remain stable if not with possible increase.
Right now, not knowing one way or the other, I suspect we will see a drop from the initial $.03 after R/S share price.
Not comfortable with this.
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