Replies to post #3052 on Tenax Therapeutics Inc (TENX)

[xanadau]

I agree with all you have said except your argument 4.( Argument 4 :
The share allowance doesn't change so the stock could potentially be diluted 15x more (in other word we could see 95pct dilution).
If OXBO would have made the share allowance a separate vote from the reverse split I would have no problem voting yes to the split. I am not at all comfortable with the share allowance not also reversing. New shares can be voted on and issued as needed correct? Yes or No. If yes then understand my caution.


Lynn, thank you for your time & response. There were a few investor emails sent to us from Abe after he took over our PR dept that were sent in groups alphabetically When the issue of his day before a official press release oops email occurred,the group emails from his firm stopped as I recall.

[king oil]

regarding argument 4, there is a very simple answer to your question of WHY would management dilute the stock by issuing millions of shares to itself. The answer is Greed. It doesn't take much research to see that there are many many high profile cases of management taking profits at shareholders and employees expense. And there are thousands of cases that never make the news.

Would management cut their salaries and take home 1/15 of what they take home today? I don't think so. I don't want my shares cut by a factor of 15. I invested at higher prices than what this stock trades at today and I want a return on my investment after holding this for several years.

If management wants to use the additional shares to make an acquisition, then lets see what they plan to acquire and approve the shares for that action.

I am voting NO.

[charlieydrums]

Excellent analysis. I concur with your conclusion and will vote for the reverse split.

[USAFpatriot]

POST OF THE WEEK!!! Thanks much for your well thought out analysis Indivinvestor and thanks for all the time you devoted to this.

I agree with you on all points (except the 1/15-would like 1/10) and will also vote yes. When a co fails on a R/S split, it was doomed to fail also, and OXBO is not in that category,imo. I've held stocks in R/S cos that did very well afterward.