RE:Reverse split1) Past is prologue: proven time and again. Whatever you perceive that you'll gain from a R/S, you will lose again. Look at the history of management's actions over the last 7 years.
2) This sounds like it came right out of Brent's mouth. Same stuff I've heard for years. All talk and no productivity or results.
Why did they cap themselves at 640 M shares and then seek an easy way to break it? Why aren't their salaries decreasing to compensate for the lack of results? Just $10,000 of salary is 200,000 shares at this point. They've polluted/diluted with options like few who recover ever do. Why do they care about options when they still have salaries? Who says that an R/S will provide them with flexibility to get additional funding? Management? Why would you believe that? What evidence is there to believe that? They have no proof of it. I'd say there is pleanty to the contrary if you study the past. They aren't producing anything. We've heard for years about potential partnerships and other nice sound bytes that have disappeared. What makes killing their remaining shareholders now any different from the past?
I'll bet you that "management" said something like this to you because I've heard it often:
I'm not allowed to tell you what I know, but if you did know, you would understand what we're dong and wouldn't be pressing about this.
Isn't that a great way to dodge accountability or offer any back up for their assertions?
Why, you ask, am I still in this then? Simple. It doesn't make any sense to sell at this point. Furthermore, if there is action against them, then I want to be a part of seeing that these people never hurt anyone again.