Agreed, this RS decision is came out before the stock delisted from NAZ. They keeping change the ratio of RS and delay the meeting, and even not carry out the 1:70 RS, which already approved and will expire on March 31. They also announced the standstill agreement that limited warranty holder converting until April 15, and that is no matter this stock is in Pink or QB. That ChuckBits guy said the warrant holders can resume converting once it is uplisted to QB, but the truth is as long as the stock listed in OTC market, they can't convert until April 15. The company delayed the meeting for 1 weeks, what does that meaning for?
1) They saw the stock have ability to raise up to meeting uplisted requirements by itself, so they give more time for it. This is a good news, but they did not expect that the dumpers read it as a bad news, and use it to scare people new here who didn't know the RS already exists for long time. We go back to see what those dumpers said, they all said this is a new RS announces at that time, but it is not true.
2) Like you said, they may off the RS once the price is reach the requirement. And the news about earning, no RS and warrant holders cannot converting will lead the price fly.
3) Like someone posted here, they may received a buyout offer, so they delayed the time to make sure there is no RS will occur before April.
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