200,000 UQ went through 2 reverse splits
First was * 0.03 and second the COOP ‘value add’ of /12 (both preferred and commons went through this)
You cannot just look at COOP pps. It got there with 2 reverse splits from a UQ perspective .
It’s like buying a 2 liter bottle of Coke for your grandkids, finishing more than half of it yourself , transferring the rest into a 20 oz bottle and asking them to enjoy the bottle full of Coke you bought for them.
1-1 is not even fair JHD as it ignores the R/S if you say COOP is the only means of recovery.