Yeah, I don’t know what their calculus was in doing only a 1:9. Did they want the ability to do another later that would blow past the 1:250 limit? Did they think the naked shorty lawsuit would propel them past a dollar? Did Michery realize he was going to have to dilute a lot more in the next two years and wanted to keep one last RS on the table? Did Nasdaq refuse to process an RS that brought the total past 1:250?
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