RE:Share ConsolidationThe key is the upto as you have highlighted. There is a specific reason to only request a 2:1. This is the annual meeting so it gives the board the ability to execute over the next 12 months.
Some would have you belive its a 10:1 and that it will happen tomorrow with all the doom and gloom talk.
With Shift Communicatiosn in our corner, the upcoming closing of Care Oncology, the recent increase in marketing and the start of Aristotle testing I believe the company feels they can achieve a much higher Sp. On the last conference call Tripp mentions he expects Q2 revenue to be similar to Q1. Factoring out warrant valuation which is just a paper loss the company had positive EBITDA and expect to continue with that. There shouldn't be a big warrant valuation in Q2 so we could see a very positive quarter even on paper,
With a higher SP and having the ability to do a 2:1 consolidation (not higher) it wouldn't change shareholder holdings but could make the difference on an uplist.
Good things coming despite the constant bashing and short and distort campaign that is going on here.
Michael4444 wrote: I am surprised that I am not seeing more comments on this board, regarding the proposed share consolidation of UPTO 2 for 1. As a fairly new investor, I have to wonder what mangement hopes to achieve. At the current rate of decline, we would soon be back in this current price range! I am hoping that my long range forecast, will turn out right, and not be whittled away by manipulation.