Post by
Bever73 on Nov 27, 2018 11:19am
Mmcap / mgmt & pumpers
I would be willing to wager that the hedge funds have their dirty hands all over this reverse split idea....do they have a large short position?? Likely as the media reports. What better way to close a short position; give the illusion of a higher share price ; then finance the next offering when it comes. Who wins? Mgmt ...increased margin of security (shares at $7 instead of 1.50 / mmcap .... Who loses.... Current shareholders ...240m of them .....disgusting.... Mgmt has screwed shareholders of this company for years ..
Comment by
Bever73 on Nov 27, 2018 11:33am
How about this bizarre idea; run your company properly for one year...ramp up to 50,000 kg run rate..AND THEN REVERSE SPLIT from 3.00 -6.00 ....WHAT A CRAZY IDEA!