There is no logical reason for a reverse split wh
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Posted On: 02/07/2017 4:18:43 PM
There is no logical reason for a reverse split when the share price is what it is. It would do nothing for anyone.
Too bad this is in penny land. If it traded on the larger markets George would be so far up shits creek it wouldn't be funny. The CEO, board members and other executives with fiduciary responsibilities are responsible to the stockholders to alert them of anything that has a material effect on the value of the company since it is a public company. Not knowing what is and isn't going on in China and what the status is of the $1 million in the Secure deal are prime examples.
And since George borrows money whereby he gets more shares in the process when he has information that the stockholders don't, well that is like insider trading.
Too bad this is in penny land. If it traded on the larger markets George would be so far up shits creek it wouldn't be funny. The CEO, board members and other executives with fiduciary responsibilities are responsible to the stockholders to alert them of anything that has a material effect on the value of the company since it is a public company. Not knowing what is and isn't going on in China and what the status is of the $1 million in the Secure deal are prime examples.
And since George borrows money whereby he gets more shares in the process when he has information that the stockholders don't, well that is like insider trading.
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