I will preface this by saying that I understand that "no RS" was stated but that the desire is to get the OS down below a billion. Here's a possible scenario. Once the pps organically grows to .01 (EOY 2016), a 5:1 reverse split in Q1 or Q2 brings the roughly 3.5 to 4B OS down to 800M. No harm done as the pps is now $0.05. The AS will stay the same until the retirement of whatever amount of the AS Bill deems necessary. You cannot buy back shares that you don't own and the way TPAC is headed, I don't know many that are going to want to sell them. Unless Bill has a large number of the Issued and is holding out to devote them to the buyback. An RS is not a bad thing if the OS is not immediately increased to fund the company. So if it is brought down to 800M and stays there for a while, no damage is done and the share price and count are more appealing to larger investors. If, on the other hand, the RS results in a new share price of $0.05 and a count of 800M, but then 800M are added to the issued for a total of 1.6B, then the pps will quickly devolve to $0.025 based on the doubled share count. I've seen that happen a number of times. You can bring the share count down via RS, but if you don't slowly issue new shares for new and existing buyers to purchase it can stall the pps and make a retracement.
I personally don't feel that a RS will negatively impact TPAC because of the revenue generation that has been discussed. The selling of shares will not be necessary to fund the company.
This is just IMO. Won't change my buying and holding strategy.
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