Agree that it is devastating, but a penny is a reasonable to rise or drop when the SP is .19. That would be a 5.25% change. If the SP is 8.00 a 5.25% change is .42. Forget about the .01 moves after the 1 for 40. The changes to the SP will be more dramatic.
That is why the SP will drop quickly after the RS unless we get some really good news to drive the SP up.
And Kim has about 225m shares that RS along with us. I think he knows the stakes are for himself as well. And, before someone throws out that those are shares he issued to himself for free ... don’t be stupid ... a position is a position is a position no matter how it is taken. So, he knows full well what is at risk for him as well. It’s why he has been very careful and frugal in his use of dilution. ... as he is by nature... frugal that is.
Why would a value neutral split be devastating for shareholders? I understand a short term holder would take a hit. But unless you assume a scam there is no reason to believe it would be bad.
Why do you think scams use the RS and uplist ploy? Because it's a good thing if the intent is good.
So it just comes down to a matter of trust. If you think Kim is a con man then a RS will be horrible for the investor. But if you think Kim is legit the RS and uplist will lead to financing and expansion abilities and will be fantastic.
The RS on it's own is nothing. Investors lose nothing.
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