Replies to post #2231 on Endurance Exploration Group Inc (EXPL)

[Dina]

There are shareholder who have bought shares over $1 few years back.
These people have lost all shares because of this bad management
who doesn´t find a way with 88m o/s to make a good reverse merger happen!
Do they think before they act?
Talking about shareholder value, then stealing shareholder all their shares with a 1 for 40 reverse split and if thats not enough they want more shares and o/s will be 40m after a 1 for 40 split, half of the o/s pre split!
But the difference is we have lost 98% of our shares!

No liquidity pre split, 88m o/s pre split, the last stock where you expect a 1 for 40 split and the trading is a shame!

I hope they read it, Micah Eldred, worst CEO, failed complete, has stolen people who believed in him their shares because he is GREEDY and he thinks it´s fair to steal shareholder 98% of their shares, without any voting and then he increase a/s to same level because he doesnt like the number of shares he has!

[NotARookie31]

It's all percentages. No matter if it is forward or reverse split, they will still have the exact same % of o/s post split as they did before. Now, since they brought the o/s to 2 mill, they can ask for more because it is so small and anything that is added on goes into their share. I am just concerned with how many they are looking to add. If it is a reasonable number and it gets this process moving quicker, I am all for it. I just want something to happen with this.

[amadeus]

maybe someone else could buy the shell, if they can't get the votes to do what they want to do, and they are stuck with a 2m O/S and a shareholder disagreement about their ideas for share structure changes.

If they have 51% why do they need us for the voting so badly(sounds that way to me)?

They could split the stock without any voting but they can´t increase a/s without us, sounds odd to me!

[amadeus]

sounds like they're dangling the merger carrot,

to encourage a vote to get what they want sharestructure wise?

Without receiving approval by shareholders to increase the issuable shares, we will not be able to complete our restructuring goals, NOR will we be able to complete any business combination, merger, or reorganization. I urge all shareholders to vote in favor of the proposals presented in the current proxy materials.”