Or buy back of shares and restructuring to clean it up along with transparency and honest reporting will go further than any RS. Wasn’t there talk of accreditation also?
Alpers much closer to maxing-out the A/S with his giant transfer of $750,000 worth of stock to buy 25% of Cann10.. a 2 month old entity which has no proven revenues. So unless he can secure outside investors his only option to finance operations seems to be issuing and selling more shares. Increasing the O/S is bad... Increasing the A/S is bad. Pulling a R/S is a desperation move which becomes more likely the lower a stock falls. It's not uncommon for a .0001 stock be reverse split only to be dumped back down to .0001... effectively wiping out shareholders.
Also, just because Alper bought part of Cann10 with restricted shares.. that doesn't mean Cann 10 can't use them for a restricted stock loan and use the cash for anything they wish. They may have already done so.
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