My actual posts says, "What good is a restructure if it does not ACTUALLY REDUCE the dilution? You don't want the same shares just under a new name, you want them removed."
It is a genralization, to refute the claims by some longs that the shares will actually be converted, and not actually bought back. We know they can not buy a substantial chunck back due to not havin gthe funds, so what other option is there? Reverse split? Conversion of classes?
You are a JT follower, perhaps you could tell the shareholders what he will do? Of course, this program is long over due once again.