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SirCharge

10/19/22 2:53 PM

#22936 RE: Vipyr #22934

That's my hope. I got caught in the drop when the first R/S news came out and decided to wait to buy until after the dilution was done. It's true, it would have saved time if the R/S had passed the first time. If it hadn't passed at all I suspect Ostendo would have found a different ticker. You have to understand that, yes, you're getting screwed by the dilution but if you don't allow the ticker to be cleaned, it won't be sold and will end up in EM because no one wants a bloated ticker with $30m in debts.
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skichic

10/19/22 3:35 PM

#22940 RE: Vipyr #22934

If the pre RS price is .001, the post RS price will be $1.00, which will immediately be pounded down to .10 by dilution. They can’t uplist! Geez.
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dozendogs

10/19/22 7:29 PM

#22953 RE: Vipyr #22934

Retail votes didnt matter in the vote. It's their bylaws and conditions in the proposals that thwarted it. (Required yes votes more than 50% of authorized shares.) Really silly, even more so that they could have issued the preferred shares beforehand to bypass that.