For these guys, they are up several hundred percent. They aren't really down.
I'm not in the stock. It's not really a "reverse split." It's more than that. It's a way to Nasdaq. KERN went to Nasdaq through a nefarious shell, one of their direct competitors.
This comes with an expanded board and $10 million in cash if memory serves. I can't think of any downside to shareholders. That .05 was raised from .03. I'm only *speculating* because of pressure from watchdogs. I think it's much better to do this deal.
And I say it doesn't matter becausae the YES votes are already there from insiders. It's the right choice. No point to fight with a vote. YOur vote doesn't really count. And I'd be very happy as a shareholder wtih all these watchdogs involved in the process, watching my back.
IFFF I still had my shares, I definitely would have sold almost all at .50 and even more at .90. I'd be left with no much here IFFF it were me, so that might be why you are down in the last two weeks. I don't really know. The less the time, the more the gamble. I really don't know what it's going to look like when it emerges. I've always said my price is down ther ebelow .20 with insdiders. I may not ever get it.
The world is my oyster. I'm more happy with AVNI where I control all the water. An empty shell. If you want some, somebody (not me) put an ask at .46. I'm only buying below .15. IFFFF somebody ever throw in the towel. Not much water in those hills. This is shares galore. I don't like oceans. I like deserts. I like to price gouge. I want OPEC type partnerships. Here, too many loose hands. They can't be shot for not following OPEC rules. LOL
So, that's how I see it.
And, I also don't like anyone with convertibles, especially variable-rate convertibles, that any opportunity to buy below me with no risk. They should be shot but they are protected by law, so can't shoot them. I want the kind of markets cartels enjoy. And brokers for commodities like coffee beans. The guys in the middle of the sand-clock type distributin where price gouging happens right there where the brokers and cartels reside.