RE:Reverse split AND dilution???Even though i would take ANYTHING being said on the YH forums as suspect & with a VERY tiny grain of salt......they are "partially" correct in their statements. And i'll tell you why they're "partuially" right in what they say. First, the Reverse Split is coming whether you like it or not, the only thing in question is just "how bad" the ratios will be. Is it going to be 5 to 1? 10 to 1? 15 to 1? Or the maximum of 25 to 1? My best guess based on many years of XP redarding this issue, would be 15 to 1. So that's pretty much settled.
As to the prospect of additional "dilution" .......well, this was unavoidable & expected EVEN PRIOR to the consolidation of shares being announced. I doubt any further dilution will be done the day the RS goes into effect, OR immedaitely after like the YH geeks suggest. But it WILL come at some point not long after the RS is finalized. What did you expect really? The company has over $1B of toxic debt on their BS which they need to remove....ASAP! Since no one in their right mind or financial insitution will lend them ANYMORE money or lifeline, then they only have one other option remaining.....well.....correction TWO remaning options. File for Chapter 11 BK or massively dilute. Be greatfull if you're a Canopy s/h that they've chosen the latter.............
GLTA