Its not so much the share offering or ‘subscription’ that turns me off, but the R/S is atrocious in idea alone.
The only GOOD thing I’ve seen come
from an r/s is a brief run up in price prior to it happening, but I will never EVER hold something through r/s because they always always always take a massive drop in price right after the split. It would be financial suicide for someone to keep their money in through a reverse split.
I will say that this looks like a bad deal for investors unless Marco comes through to clear up some of this generic jargon to make sense for their ‘committed longs’.
I don’t see this as a good move unless you’re going to follow this up with a breaking deal made in Canada, or some semblance of confidence. Only new deals being inked are the ones that hurt long holders at this time.