Delfin will not reverse their own shares. Let's say, for the sake of argument, Delfin decides to do a r/s in conjunction with the r/m after they covert their common shares to preferred shares. Let's assume, again for the sake of argument, they decide to do a 100:1, leaving a little more than a million shares. We know that the minimum price we will be looking at is $4/share for a Nasdaq listing. So, 1/100 what you own at $4/share MINIMUM makes it EXTREMELY hard to lose money on this trade, especially since most of us know the stock will eventually trader higher than $4/share. Personally, I don't think there will be a r/s, and certainly not a 100:1, because of Egan's shares. I've said this all along. However, I was painting a worst case scenario, and I just don't see how anyone could be afraid.
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