IMHO it will be a 200:1 Reverse Split. AP will suck every last penny out of every last bag-holder that he can get his fangs into (no different than DKT$, same M.O.). When he's done sucking (Pun definitely intended) here then he moves on to ISTR, TGBG or whatever it becomes.
This time around I am sure their will be some type of investigation. He has the curse of the infamous Frenchman (RIP) & Family hot on his heels and they will not let up. They're on this "Like a Hobo on a Ham Sandwich"! GLTY Karl!
"However, that would leave too many shares still outstanding if it were just 20:1 to shareholders as well, having 375 million with only 105 million left to dilute."
Good thinking. He WOULD heave to reverse split the outstanding by something more than 1:20 to make the exercise valuable. He COULD HAVE left the authorization as is....then almost any R/S of the outstanding would still leave him room to dilute...and I'm surprised that he didn't. There's a fair chance that he has no idea what he's doing :o)
He could have done this a couple of months ago and saved everybody some cash on the NV Annual charges...they're based on authorized shares.
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