“Answer me why Kim didn’t make the RS option 1 for 2 to 1 for 20.”
How about because he doesn’t have the arrows or dry power everyone think he does and he knows a 1/20 won’t be enough...he knows it will have to be 1/40...but he wants everyone to think much lower really is a possibility just to make them feel better...
He wants 8 bucks a share when he splits...he knows he needs that much cushion...that’s why he’s trying to make sure 20 cents holds...
Because he’s going to need that much cushion when he reverse splits and doesn’t up list...and then dilutes...and has no real dry powder to help...
No financing...no forgiving debt...production is already a known thing...no one signing contracts with a sinking ship....(not that it will sink, but It will list and no one will climb on board until it is righted)...no new partners...
And kim knowing all this is why he has the 1/40 and did not limit it to 1/20...
My answer would be if he did that he knows he would need to announce the RS twice. We would be told that the uplist requires a change to 1:40 since the pps dropped below the uplist threshold.
Instead kim estimated the reaction of the market to the RS. He put out a variable ratio to inform us of the 1:40 and put a lower variable to ease that reaction and let some feel like it wont be 1:40. That would reduce the market effect a bit. It worked out quite well. Pps dropped to the middle of the road on RS price needed. He knows any ratio when announced will also drop the price a little. If that price drop gives us a post split price that doesnt qualify for an uplist the market would react very negitive and the pps would crash.
Kim cant afford to have the market think he is just a stinky pink that will RS and dilute to death. He already has to do exactly that with out the death. He has to make sure we all know hes being legit about the uplist
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