1) they could have accomplished about the same thing with a 1:150 R/S..so the big question is why? Why do they want to provide incentives to existing shareholders to hold onto their shares? And how big of a dump will there be once the dividend is issued?
2) They may have a customer base, we don't know if they are productive. 3) assumptions 4) no need, but they have been doing it anyway. 5) what business plan?
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