Reverse split and listing only
Back in 2012 that was the expectation and plan. Once WDDD got to a certain point in the process, they would do a reverse split to get the stock up to or over $3/share. That would allow the shares to be traded on margin, and allow other classes of investors to buy the shares. It was not expected, back then, that there would be any dilution. If anything, since things were expected to be going their way, it was expected the stock would have been trading up.
What is happening now is almost the reverse of that.
One good item, is that the press release does mention that they will have enough to go two years, so that should take them to the end of any district court trial and maybe even though an appeal.
I will look to see if we can tell how much dilution there will be.
Louis J. Desy Jr.
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