thanks for the reply. i figured the effective date was around the time frame you specified, but my primary question is what size the OS will be after a reverse merger occurs here. the new company will need to issue shares to management, and since there's still about 150K in debt on the books, and no cash to pay it off, i'm wondering if shares will also be issued to debt holders, post split.
if not, the debt holders will be diluted, as their current shares will be a much smaller % of the new OS.
i see lots of ways this could play out, some better and some worse, for current shareholders.
at the current pps of .0265, all things being equal, after the 1:30 RS the pps will be .795.
the post-split market cap, with no new issuance of shares, will be $7.5M imo.
let's say in the RM the newco is issued 90% more shares, then the market cap of the company at the same pps of .795 would go from $7.5 million dollars (.795 pps X 9.44M OS) to a whopping $67M market cap.
will the new company be worth $7.5M or $67M?
the OS cannot stay the same if the new company requires equity. at minimum, the new market cap will be higher than $7.5M, just to support the current pps valuation. jmho. hope this makes sense.
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