Djdjdjdj, It does look like a RS is in the cards soon and possibly be as big as a 1 for 50 R split. They upped the percentage from a minimum 1 for 5 to as high as a 1 for 20 RS ; to 1 for 5 RS to as much as a 1 for 50 RS .
I do like that the preferred B shares now will RS just like Common shares.
They still need more money and will continue to do TOXIC financing (IMHO) as they have in the past. I doubt that they will do a secondary offering as the cost to do so is high and their financials are pathetic (IMHO).
I almost changed my opinion about the stock and management with the news about Preferred B conversion changes in a RS scenario but think they only did this because the stock price would collapse and (IMHO) new money would never come in to finance any future needs and with their burn rate so high
1 for 5 will not get them anywhere. This only to make people feel good. 1 for 50 is what it will be. The only way a 1 for 5 will take place if they make a bag of money by now and Dec?
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