Zombywolf, enacting an RS now would screw existing shareholders as there would be no assets supporting the higher post RS stock price. The stock would then drop 70-90% as existing shareholders throw in the towel.
There needs to be an RM in place to justify future value of the ticker in order for the stock to maintain its post RS price.
In conclusion, those pounding the RS drum don't care about existing shareholders. They want to buy in after an RS, and post RS 70%> drop in the stock price. I have no problem with someone using such a strategy, but don't try to tell existing shareholders that an RS without an RM in place is a good thing for them.
Snoof77