1) for a reverse split, a shareholder vote must be called. It is right there in the formation documents.
2) John Park just sold a cash flowing real estate asset to $SPZI - and the price of $SPZI MUST increase by 3000% from current levels (to $0.20/share) before he gets paid a finite amount of $SPZI shares. And $SPZI immediately begins collecting $2.4 million per year in rental income. As in, we are collecting that cash, now.
What incentive does John Park have to increase the number of shares or try and complete a reverse split?
Answer: he does not. It would hurt him, tremendously.
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