Rumors of a possible 50 to 1 RS.....?!?!?Hello one last time my friends. I know i said i would NOT post here again BUT i think anyone STILL holding this garbage should listen to what i have to say here. This is just a small warning for whoever is left here on this dead forum or dumb enough to unfortunately still keep holding this trash to these insane, dismal levels. If you STILL haven't had the courage or smarts to rid yourselves of this AFTER all the numerous warnings i gave you in the past, which ofcourse ALL unforunately came true btw, then this should be the ONE warning that does convince you to sell.
There have been some solid rumors floating around of a possible massive Reverse Split that's about to be announced some time this year, most likely before the end of summer. Not that this should come as a surprise to anyone here that this was a strong possibility, and i did inidicate several times in the past it would happen at some point. But what's interesting about these rumors is the sheer magnitude of it AND everything else that comes along with it.
From the look of it the Reverse Split will come with a complete overhaul of the operations of the company and a name change to boot. Whether the re-organization of the company is the "dividend proposal" mgmt had announced last year or something vastly different is unknown. My guess is that they're all one in the same. Same song, different dance. Rumors are that the consolidation of shares will be at least 20 to 1 but likely a lot higher and could be as high as a mindblowing 50 to 1. In addition to the split, the company (is trying) will try to secure additional financing AFTER the implementation of the RS. If most current s/h aren't already totally wiped out now, this will surely do it when it happens. From these rumors, it seems that SOME of the past/current mgmt have disappeared/left and those who are left are still trying to figure how this whole transformation will take place.
Not sure how accurate these rumors are, so take them with a grain of salt. But imo they seem to be quite valid & possible if folks take everything into consideration. Investors need only to investigate & see what went down with its sister company ScreenPro(SCRN) to more or less validate the probablity of those rumors possible. As both company's are more or less controlled by the same people.
GLTA