I understand and appreciate your good post explaining why R/S is "needed." That is exactly what every, repeat every, scamming penny stock company says. However, that is just so much malarky, as 95% of all these new management types end up back in the same basement within a few months, or a couple years, at best.
All that a R/S really accomplishes is to wipe out all existing investors cash (their hopes and dreams for backing these companies in the first place) and opening the flood gates for a whole new set of people to get scammed.
I know our investmants are worth the same dollar amount the day after the split as before, but our chances of ever recovering our losses is pretty much gone. If management dilutes to these levels, let them work their way back on their own efforts, not the losses of previous or current investors. JMO