The company, the CEO, and the shareholders have different interests:
- $COHO wishes to R/S to effect a Reg A
- The CEO was willing to offer 300 Shareholders of Record with eight (8) shares or less (value of 8 shares x $0.0005 = $0.0040) $5 for their Common stock certificates
- $COHO retail common shareholders expect $COHO or its CEO to pay for this, and pay much higher than $1,500 for (300 shareholders x 8 shares) 2,400 shares valued at $1.20 based on a $0.0005 ticker price in order to save them from a needed R/S which has the side-effect of tidying up the share structure
Why don't $COHO retail shareholders approach the 300 shareholders of record and offer to purchase their 8 shares for $10 per certificate? The reason is $COHO retail shareholders don't want to spend $3,000 from their own accounts when they can detriment someone else's account.
The takeaway I have is that by their actions, $COHO retail shareholders will turn Management against them. So a future R/S will be larger, and the ones to blame for this are retail shareholders themselves.
It's going to be a long road for $COHO traders now that bridges have been burned.