99.43% of the A/S is in the O/S...this ticker is MAXED OUT! As I see it the options for this company to have shares to sell and finance operations are---
1) Print more shares (increase the A/S)= dilution
2) Pull a big REVERSE SPLIT with a disproportionately smaller "reduction" in the A/S= head fake that results in huge increase in shares to issue, dump and dilute
3) Least likely/ vastly more expensive to owners: Insider/owners carpet bomb the stock price creating a death spiral that causes retail owners to panic, capitulate and unload shares wholesale which the company --THEORETICALLY-- could ''buy back'' IF they had the money. But WHY WOULD THEY when options 1 and 2 cost nothing and can be done with the stroke of a pen?
Is there another, BETTER option for the OWNERS that I missed?
Bearish