Replies to post #3345 on Tenax Therapeutics Inc (TENX)

[ronn22]

I feel the same way, I would rather lose the money I have into this, than see a 15/1. That's not even reasonable. I feel that oxycyte has enough potential along with the government interest etc. to advance to a high enough level on it's own merits, then they could do a lesser split if they felt it necessary. Right now I feel like all the little people who have supported this company for years are being taken advantage of. By the way, 100,000 shares divided by 15 is 6666.6666.

[jojo1016]

I think you are all focusing on the wrong stuff here. The reverse split itself is not the major issue. It is premature and it will change the psychology of owning the stock and it may take a beating in the short-term after the split but that would not be a real problem to long-term investors. Oxycite will prove to be a great product in the next few years and it will become sop in ambulances and emergency rooms. The real problem is that the Vatea group will be buying discounted shares for the forseeable future thanks to the crappy deal management made and Stern will have a boatload of shares to give away/sell. Investors will do well but the big upside to this company that many of us have been waiting for for so long will be drained out of it in dilution. I don't want to keep pushing this point but it is the real problem with voting for this reverse split and leaving the authorized shares untouched.