RE:No to Reverse Split!Agreed Grin, share buy back is the way to go....they will be getting flush with cash 12- 16mos out and generating north of $20mil per month in gross revenue. But there are still more shares to be added as all previous raise options are due and exercised as well.
There are plenty of avenues of opportunity around the globe as cannabis is getting recognized and being accepted more and more in the global community and it may be that there is much more growth/ expansion of the company planned...but there is always going to be plenty of options available for premium grade cannabis/ products and we need to see the proper infrastructure for a solid base in place at all times as we grow. There is no rush to get to the top necessary especially without all our ducks in a row at all stages as we progess.
Without a clear understanding of an advantageous reason/ plan for the split prior to the vote, a No vote is the only option I see....but remember unless one going to be attending the meeting you will have to submit your vote by proxy, as defined in Form provided, JMHO....Opt
Gringotts wrote: A reverse split more often than not leads to share depreciation. If the company is thinking of consolidating shares to increase share value, might I suggest, as an alternative, a share buyback. FIRE has money in the bank and can execute such a buyback, and the buyback will reduce the float depending on how its structured.
I say NO to a reverse split!