Per last SEC file: a 125:1 stock split in this scenario, if the stock price per share stood at .05, the new value per share would become $6.25, while the net worth of the stock would remain the same.
Ok with this in mind and please correct me if I’m wrong here. I hope it is a little more complicated than this. Proposal 4 is for 75 million shares after the RS? Correct? Hypothetically then times $6.25 equals aprox 486 million dollars over the next five years? That’s a heck of an incentive between 12 people. I thought I heard someone say per phone call with management that they only needed 50 mil for the next five years to improve share value. I hope I am wrong.
Vote against for all until Mngt adds shareholder value and much more clarity on their plans for the company going forward.Why such a large reverse for current share holders and a nice cushion left for Mngt to milk off of?Why not wait a while longer when better results are in that send the stock up to a much more respectable level,before we discuss any kind of reverse split?We have the power as the share holders,not the board.We can say no to any proposals for now,we want results and share price appreciation before anything else is considered.Let`s all stick together on this and Vote Tom Out!