I believe the company knows the potential effects of a RS and their upcoming IPO. That's why I'm their S-1 and Prospectus they have the language that if they aren't successful in getting the offering pps to make the $4 minimum for NASDAQ they will in effect cancel the IPO. Best case is they can get the PPS up to and holding over $4 without having to execute a RS on existing holders. They just completed a RS last July so the share structure is minimal already IMO at just over 24 Million shares O/S.
If the offered double the current O/S for the IPO at $4, did a 2:1 RS on current holders, we would still only be under a 50 M O/S out of the 200 A/S. And have a market cap of a little under $200 Million at $4 pps. There are complete pos in the pink sheets carrying a MC above that with actually nothing to note for Book Value other than IP or some future event coming that speculators are pricing into the stock presently.
MGMT believes we are waaaay undervalued and I tend to agree with them.
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