Nothing to with reverse split. This in an alternative to reverse split. They are allowing the company more flexibilty in the selling of shares. Or it could allow for the purchase of another company. As long as the stock sale is not just to keep the lights on.
Nothing to with reverse split. This in an alternative to reverse split. They are allowing the company more flexibilty in the selling of shares. Or it could allow for the purchase of another company. As long as the stock sale is not just to keep the lights on.