I would only consider RS in 2 years
Neo,
I see your point, but I'm not talking about doing anything like a RS now, but maybe in a couple of years if the company is profitable and out of debt, especially if the stock price is still under $0.001.
A reverse at that time could make the trading more efficient, as bids and asks could be on $0.01 spread, and meaningful EPS numbers could be calculated
Suppose I'm right, and Meller eventually converts the full 22B shares. With a 1:2500 RS, 30B shares at $0.0004 becomes 12M shares at $1.00
If the company nets $250K in a quarter, that's an EPS of $0.02, versus a pre-RS EPS of $0.000008 (would round to $0.00).
Suppose the next quarter they make a profit of $350K. Sure, profits are up 40%, but the post split EPS would round to $0.03, a 50% improvement over the prior quarter, but the pre-RS EPS would still round to $0.00.
Analysts could then make projections based on the EPS. Suppose they thought you would do $0.02, $0.03, $0.03 and $0.04. That's $0.12 for the year, and with a PE of 15, would forecast a price of $1.80, or a pre-RS price of $0.00007
How hard would it be to move 30B shares from $0.0004 to $0.0007, $0.0001 per step, versus from $1.00 to $1.80, $0.01 step at a time?
If the stock was at $1.80, how much easier would it be for Meller to offer a secondary of 2M shares (increasing the 12M float by 17%) at say, $1.50, versus 5B at $0.0006. It would probably be easier to find a non-toxic buyer at the higher price.
Anyway, this is just speculation on my part, and as I said, I wouldn't even consider it for quite a while.
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