And the CEO told everyone this was going to happen months ahead of time because when be became the CEO he needed to do it to get the company on track and raise shareholder value..
Nah, he didn't warn anyone. In 2015 he returned calls and did a radio interview claiming no RS, but when 2016 came he went dark completely. Only a short line in the March 10K mentions the intent to do a RS and put the stock to no-bid when people found out, trapping any bagholders when it happened a month later. He did everything wrong at the time.
I guess people forgot about the A/S reduction and float being so small since then, figuring Tom would dilute it and turn the company into a share-selling scam. FINALLY the company started responding to emails again. Tom wants to uplist to the QB but the RS price fell too fast to hold above .01 for a month.
I have no reason to bash the stock as I hold several million when it fell into the 0.001x range. 2016 was a bad year for the stock, but 2015 was full of promise and this year seems to continue on that.
Hoping Tom or the company can respond about the Series B conversions being completely out of hand, needing to be eliminated or also given a 500-1 RS. At the very least, some news on the two projects, good or bad.