Of course they will make it through. They will run the stock up, and sell into it, then short it into an offering. buy the offering 70 cent lower and cover their short position with the offering.
tHE UNDERWRITERS WILL MAKE A COUPLE $100,000.00 ON THE SHORT POSITION PLUS THE UNDERWRITING FEES, AND SPIRO WILL HAVE A $10,000,000.00 PILE OF CASH TO PAY HIMSELF AND EVERYONE ELSE BIG FAT SALARIES FOR SCREWING ALL OF US OVER AND PRODUCING ZILCH.
is that post split. If so it's a boatload of shares; they're payoff for voting through the reverse split and devaluing the stock even more. Now Spiro will try to raise money by offering another 3 million shares thus reducing your 12 to 1 split to 48 to 1.
Spiro is a #$%$ along with his board members. Why someone hasn't shot him is a mystery to me.
His board members should be turned over to the Mexican drug cartel.
They have killed all shareholders that have been with this company over the past 10 years.
Your initial investment is now worth about 10 cents. You would need the stock to go to $55.00 to break even.