The last time a reverse split was on the table was 2009...I see a reverse split happening this time...Cel-Sci went in depth on explaining the proposals compared to other filings... a quote....PLEASE VOTE IN FAVOR TODAY! Was wondering why the number of stock incentives/bonus/compensation shares were way out of whack compared to all the other years. 20mil compared to 2 mil...so a 1 for 10 reverse would turn that 20mil back to the norm of 2mil.....maybe this statement is our reality.....This is important because many institutional investors and brokers
cannot buy stocks that are at the levels where the Company is currently trading.
Having the Company stock trade at a higher level would potentially increase the
number of purchasers for the stock.......
Most of the time a reverse split doesn't work. The stock tends to go down to lower levels. Wall street doesnot reward reverse splits. If I were a naked short I would get out before the shareholders meeting.
Fosco you are right this is very bad for shareholders but Geert never gave a damn about his shareholders. That why the stock is at the level it is at and nobody trust the guy.
I agree with you jpifer.... unless voters don't vote for the R/S.
I wouldn't vote for it. R/S will mean total wipe out of existing SH base. I am not certain 1/10 split would allow Cel SCi to stay above 2$ or even 1$
So yes the split is in the interest of the shareholders as CEl SCI says, but only those who come after ... and of course those who grant themselves free shares and more and more stock options as dilution goes