Does any one know what the probable share consolidation or reverse split will be? With 704 million outstanding shares, it would seem likely a 1 for 10 or 1 for 15 will be probable. At the current pps of 0.19, a 1 for 10 will only raise the pps to 1.90, which may not be sufficient for a major U.S. exchange listing. Perhaps 1 for 20 may be a distinct possibility?
In the recent conference call of a week ago the CEO announced that the Board Of Directors has ALREADY authorized a RS of 1 for 20. In the call it was referred to as a "share consolidation". Whatever! The CEO went on to say that the BOD will meet again at the end of October to consider a higher ratio of possibly 1 for 30 or more. A Reverse Split is on the table, 100% sure, by the CEO's own words.