Not at easy for a public company as one that is provately held. We dont know what the wording in the convertible notes payable is but I am 99.95 % certain that the last reverse split was held up by one of the lenders that had a clause about the the reverse aplit and not being able to do it with the note converting. I know Asher has done that in the past.
I am slso not certain if the company can increase the RS with the default standing in Nevada with the corporation. I dont think the state will allow any changes to the articles without that being brought current. Expect that to be a warning sign that something is coming down the pike.
I can see this being absorbed in to one of the many other companies listed on Adermann Dr but I dont think Joe uses bankruptcy as an out for his traded companies, so Although its possible there are other options for the end of FPFI available so I would vote improbable on a filing.
Most likely a massive increase in the AS will be next.
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