BINGO.,,you nailed it and here are three best parts...
1- THE VOTE IS NOT EVEN HELD UNTIL 6/19. That’s over 30 days and so much can happen to stock pps and management decisions in that time.
2- THE LANGUAGE of the PROPOSED split is actually not bad at all. THE WORST IT CAN BE IS 1:20. That is the WORST. The language actually allows for management to decide UP TO a 1:20 or they can do even LESS. Not worse. . SO THE WORST CASE here is that in 30 days...we might face a YES vote to do a max of 1:20 r/s. And that they wouldn’t effectuate it right away anyway. Seems to me they wanted to shake some out ...and insiders grabbed 5/16.
3- The language allows for management to actually effect the split- that’s if it’s voted in favor- by 12/31/2019! That actually 18 months away! There is a very good chance they are NOW focused on building shareholder values which...IMO - is thr best time to buy the stock...when it’s on the bottom and interest and actually business deals brought the pps up.
So with $BYSD- it is very likely that those shareholders who have been here all year and never saw this trade above .0003 pps- led to the selling today toward end of day. LITTLE DID THEY KNOW...the firestorm brewing and perfect storm coming where we should see an exponential increase in the share price. One might notice a few with commentary now seemingly warning us about something that I HAVE NO CONCERN with at this time.
Love it $BYSD