If you think the reverse split is part
to get the loans (like you said),
why did he let shareholder vote?
If that would be the case, then
he would risk to lose the important
loans. That does not many any sense!
Many companies let shareholder vote,
but that doesnt mean company does
only good things! Otherwise the a/s would
be decreased and no new financing agreements
with Asher, thats not in the interest of shareholder!
There is no sign that dilution is over
and then i have to ask why the post split
o/s is important for the value
of the stock, because we all see the signs
that dilution will continue and share structure
will change soon probably.
No one can say low o/s in a known dilution stock
2 days post split.
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