Please reread my post again as I specifically stated: "under those circumstances". Has this company done a reverse split before? If not, does anyone know if the company's bylaws require shareholder approval for a reverse split. Another option besides a reverese split is to simply increase the authorized but, once again, in order to do so the bylaws may require shareholder approval. Without a reverse split or an increase in the authorized, which once again may be subject to shareholder approval, the company can only dilute up to their authorized shares which I believe is almost maxed out. In addition, didn't someone recently receive an email from the company stating that there would not be much, if any, further dilution? If the revenues being generated are great enough to cover their operating expenses, there likely is no reason for them to dilute further.
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