Wow great point KKs preferred shares are not split and are going to be 10 cents? each.
And shareholders won't lose a dime. One thing a 14 billion float? Is the o/s the same size as the float now? must be no restricted shares around then. Then reduced to 14 million.
What happened to the 5.7 billion o/s? the number arrived at after subtracting 10 billion from the prior 15.7 billion o/s? It looks like after the hoopla of following thru and canceling 10 billion that another 9 billion was diluted right back into it's place. I thought they had earnings to pay with instead of having YA flood the o/s with shares and trigger this r/s. Now if after the next r/s the pps sinks again like a stone we all know it's been done for shorting. The longs will lose out. Unless the pps goes up and keeps going up after the split. Now if it were to split at like 5 or 10 cents, we get a huge settlement, over 2.6 bill gal ethanol licensed, new licensees, and new big investors or some financing then it could run from the 5 or 10 cents to like $20 per share. A $280 million dollar market cap.
Just trying to see the light in the r/s.
But I know if you paid $100 for 1,000,000 shares before the last split at .0001 then now at .0001 your
100,000 shares are worth $10.00 my etrade broker fee is $9.99
When the next split hits the 100,000 becomes 100 shares, which at .0001 are worth .01 cent. < Horrorific loss!
Of course after the split the pps will rise, yet we dont know if it will hold but if it splits at say .10 cents then the 100 shares will be worth $10.00 wow now that's sad.
Now someone shed some light on what appears to be a disaster for the shareholder.
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