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Faustilius

10/19/13 12:33 PM

#14878 RE: rick flair #14877

They got the shares for free...everybody else paid for it.
Why would they pay to have shares in their own company.

Stockman1010101

10/19/13 4:06 PM

#14879 RE: rick flair #14877

Anyone who owns Commons and they Do a R/S on a 2000:1 ratio will loose if the stock goes down after the new price is in effect. I would sell and move on if this were to happen. The company will be poorer for doing this.

what scumbags companies do is R/S on commons then they dilute the new shares by creating more shares essentially reversing the reverse split while at the same time ripping off the old share holders since they manipulated the number of shares they hold in order to create new shares for new money/investors creating the same amount of shares in the pot at the end of the year.

This is a major SCAM tactic and some official government agency should enforce some law to prevent companies from stealing shares from the shareholders by pulling this sneaky unethical stunt. Companies who pull this tactic should be put out of business. Because their management are a bunch of thieves.