Reverse Split Is Coming
Seriously - They Want To Do It
They won't come out and tell you that to your face... But that's what they want to do. They are set-up for it. They will pretend like they are doing everything they can to a avoid it, because they are taught that's what you want to hear. But it's just another day to them .
The Game Plan
First they will dilute their OS to about 400M common shares, and then do a 1-for-20 RS at around 20 cents. Usually the Authorized Shares will also be split, but they won't split those in this case. They will keep the AS high at 500M, with a low OS at around 20M after the split. Then they can go deep into that 500M-AS when they need to further dilute into some type of Equity Offering, or maybe another Bad Collaboration Deal .
Just Following The Plan
They will follow the same plan learned in their CEO Seminar Training Courses. You know, at that CEO SCHOOL. It's a highly required prerequisite before becoming a CEO. Did you know that? I think it's the course that's titled: "How To Maintain A Hefty Salary While Diluting Your Profitless Company Into A Reverse Split While Getting Away With It Before Your Shareholders Figure Out What Hit Them As You Continue Leading Them On With Forward-Looking Statements".
I might have the course title wrong, but it's something like that .
That Friday Surprise 8-K
I think that senior convertible note of $3.7M is equivalent to almost 8,000,000 additional common shares that may soon be diluted into the market. Right on schedule .
Just My Opinion
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