Why don't you email Mr. Dwyer and present your con
Post# of 16816
Reverse Splits:
Good R/S is part of an uplist process and a tidying up of the share structure. Then you'll see a proportionate decrease in O/S and A/S to raise the share price (market cap remains the same), and the company trades on a higher exchange. Example in BCAP's case: share price is $0.05 / share with a 1:30 R/S (of both O/S and A/S) taking the share price to $1.50 and an uplist to NASDAQ BX. That means the price is higher, but share structure is maxed.
This is a case study on the Organovo R/S + uplist:
http://www-rohan.sdsu.edu/~cba/news/story/9-1...a2SDBJ.pdf
Bad R/S's are where the O/S is reduced, but A/S remains the same. That leaves scope for dilution.
I don't have time now, but I'll share later what I found out about why the O/S increased 3 years ago.