Again, some seem to miss the point of contention. It's not the R/S or the increase in authorized shares that bothers me and many other investors. What bothers us is the failure to reduce the authorized shares with the R/S.

Let me paint the picture of what is contentious one last time.

Assume they have 390 million shares outstanding (600 million authorized) at the time of the reverse split and share price is $1. After the split, they have 130 million outstanding (600 million authorized) and the share price is $3.

They go from having 210 million available to issue before the split to 470 million available to issue. That's over 3 times available compared to what is issued. That's potential to dilute our share value and make it 3 times less.

If they reduce the authorized by the same R/S ratio (3:1), then they have 130 outstanding and 200 authorized. That's 70 million available to issue at $3 per share. That's the potential for $210 million in shares for financing or employee compensation.

In my opinion, this is more than enough to continue company operations for a significant time. I don't see the need to allow them to have 470 million available to issue ($1.41 billion at $3/share).

I hope this helps for any who still don't understand my apprehension.

The company needs to revise this portion on the R/S or give us one really good explanation why 70 million shares post split isn't sufficient to contribute operations into commercial success.