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hiphop

02/26/14 10:47 AM

#18770 RE: Optimistic Trader #18769

You are both wrong. So they go to 4.5 million shares. They are still going to dilute. They are still going to have no earnings, they are still going to have very weak sales, they are still going to issue made up phony press releases, they are still going to be late reporting revenue and earnings every quarter even though there is very little revenue and no earnings. The management will still have 80% of the voting shares post split and in fact management will not have suffered at all from this reverse which is their 2nd. The company will still have $12 million of preferred debt which gets paid off in any sale of the company BEFORE shareholders get any proceeds.

This is a dog with a new coat. Same dog, same model, same results, just a new coat paid for by a 1500 to 1 reverse split.