Here this is why they raised the OS and canceled the RS
NEW YORK, May 30, 2019 /PRNewswire/ -- DAVC announced today, following the recent merger agreement signed between DAVC and Samsara Luggage Inc., that its board of directors has decided to increase its authorized capital offered to the public and not to conduct a reverse common stock split as part of the merger transaction.
Ms. Atara Dzikowski, Samsara's Co-Founder and CEO, and Mr. Abraham Bengio, DAVC CEO, stated:
"We are pleased to announce, in response to shareholder inquiries, that DAVC will not be conducting a reverse stock split in the merger transaction. We plan to focus on leveraging Samsara smart travel tech to increase revenues and profitability and to enhance value for all our shareholders. We plan to take full advantage of tapping into the fast growing smart travel industry out there, estimated at billions of dollars, and turn into tangible business all the opportunities made possible by our recent merger into the smart travel tech industry.
We wish to thank all our shareholders for their patience and continued support throughout this process and look forward to share our success with many new investors."
Hmmm I wonder what other business opportunities might be made possible to increase shareholder value from this merger . Can’t spell it out for y’all any clearer