Well you also said at a minimum too, which would be even worse. IMO, a 5,000-1 split out of nowhere when the price isn't moving would be absolutely disastrous in the short-term at the very least, and I wonder if it could kill the company before it even had a chance to get moving.
Think of what that would mean. If you do that huge RS, and the AS remains the same, everyone would leave, thinking they'll just keep adding back into the OS, since it's now only 1.6 million. I think it's possible? Sure anything's possible, but it would be crazy desperate, and a sign of a company in very bad shape. I don't see it - it seems like their products are selling well, plus they have 7 mil in financing. I'm just not sure it makes any sense to do an RS like that unless you've gotten more established in the market and those financials that come in back up the market valuation of 200 mil plus. If you go back and read the PR, Rick does say they're doing that PCAOB audit, and it would commence after June 30.
Get that audit done in the late fall or by the end of the year, and in the meantime you have more acquisitions, maybe with that 7 mil, and potential partnerships added. Akatitus points out that in Rick's message he says there would be a stock buyback before an RS "for those who can't play the long game." That tells me Rick, at least on the surface, is willing to play that long game too. I don't think the long game means a desperate 5,000-1 RS. I think he's willing to let the company grow over time.
Hey, all my opinion. That's all we've got from any of us right now.
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