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Leftcoaster

08/05/20 10:40 AM

#43342 RE: Sauerkraut #43339

If I read it right, the filing merely stated that the board approved the possibility of executing a Reverse Split at some time during the next year, said split to affect all authorized shares. They also, in the same filing, reserve the right to increase the authorized shares if the need for additional fundraising arises.
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free_man_n_paris

08/05/20 10:46 AM

#43351 RE: Sauerkraut #43339

They have no choice. Debts to pay and they are basically tapped out of shares to get funds, so they will have no choice but to increase the a/s count after the split is done.
Jmho