RE: RE: RE: RE: So it looks like INT is next The video on BNN was hilarious to watch. It looks very bad for intertainment "shell" company.
A reverse split is the only way to get financing to reduce risk for the lenders. if the number of shares is less, then the new lenders get issued debt to shares conversion which take a bigger percentage of the company in case INT cannot pay back the lender. essentially .. reverse split and future dilution of the shares.
that is the way it seems to work with many other companies to keep them alive. And you are right, typically the share price drops further on a reverse split. investors (not blind pumpers) know dilution is comming afterward.
Those poor long int investors.