RE:In perspective Your right, presently this is a 1 or 1.5 cent stock. It wouldn't be this price if they did not announce a RO. The price sells off down to the RO value, counting the consolidation. If you look at the volume, just like the other RO's it appears that some knew this was coming ( just like the last RO's, and sold shares, beforehand (smart), but disappointing that some knew beforehand. And of course, the delay of 3 months before a second shift did not help. ( I still remember that it was said many months ago that there would be 2 shifts, but maybe I am mistaken.)
Many believe there are still alternate ways to bridge loan, etc. Many believe this was the way management took with the least bit of effort to pursue other alternatives.
If Pendura doesn't step to the plate and update shareholders, good luck with the RO. If significant verifiable news comes from the company, many hope this is his last task before he resigns-retires- and a fresh new outsider is hired for CEO even on an interim basis. glta