"Sure, they are reducing the Authorized Shares too... but only because they have to, right?"
Right. If they didn't reduce the authorized in proportion to the split they would have had to get shareholder approval for the split. Check it out with Director Graham.
Nothing has happened yet, of course. Keep an eye on the fillings.
Why are shareholders getting screwed? The price will go up proportionately and Taug should be able to trade on the QB.
The only way shareholders lose is if the stock goes down. I doubt after all this that TAUG would do a reverse split for the sake of a reverse split.
While the Board approved the reverse split I doubt that it will happen unless there is significant good news accompanying the R/S.
To the contrary, this could be a great time to accumulate. I don’t have a crystal ball and I would classify buying stock down here as buying an option with no expiration.
But, I think the price increases in BLNK and AYTU will be childs play compared to what will happen if good data is announced by VTGN.
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