It's story time, with Benster.
One day there was a small, aspiring company named Baltia Air Lines, Inc. that decided to rebrand and restructure itself to USGlobal Airways. They asked shareholders to vote on a name change and reverse split, and almost 32% of all shares represented were voted. And then something terrible happened (please make sure there are no children in the room): a group of extremely dumb, uneducated, inexperienced, fearful stockholders voted over 398 million shares against a reverse split. Two of these morons, Tom and Sally from Bumblefuck, USA, told themselves "Boy oh boy, we have TWO MILLION SHARES, WE'RE RICH HONEY! Glad we didn't vote for that reverse split!" I have some really bad news for Tom and Sally. Their shares aren't worth JACK. SHIT. At .005/share, they're sitting on a LIFE-UNALTERING $10K. Now, in Bumblefuck, that may be worth a lot. In the rest of the country, that's nothing.
I have bad news, folks. There are too many Toms and Sallys. There are far too many idiots who are allowed to vote without being held accountable for their stupidity. I have to waste my valuable time trying to teach people why they need to vote FOR the R/S and why their OWNERSHIP OF THE COMPANY WILL BE EXACTLY THE SAME AS THE PRE-SPLIT VALUE.
Look, I understand why the Toms and the Sallys of the world are nervous. They fear the stereotypical stock price plummet that happens to OTC stocks that do a reverse split. Unfortunately, there is no one around to explain to Tom and Sally what the difference is between a failing business and a growing company like USGlobal. You'd think this would be obvious enough, but no. IT'S NOT.
Why would this happen, you might ask? Why would Tom and Sally be so dumb? Well, kids, it's because they don't understand why we need a reverse split. These stockholders need to be forced to learn basic arithmetic to figure out how and why we will NEVER uplist to NASDAQ with the current share structure. And let's throw in a course in personal finance so we can teach these morons why a share structure of 9.4 billion on the OTC will never attract institutional investors. Without these cash cows, the share price won't increase.
To uplist to NASDAQ, you need a bid price of $4. Last I checked, our bid price was around .0059. Don't you idiots (the anti-R/S idiots) understand that we NEED to uplist once we're certified and generating revenue? At $4 per share, we'd be worth around $38 BILLION. The largest airline in the world by market cap, Delta Airlines, isn't even worth that, and they have 856 planes in their fleet. What the fuck is wrong with you morons? You need to be voting FOR the reverse split to save your investments.
I want all of you to help me spread the word that a reverse split is NOT OPTIONAL. I don't care if Jesus himself flew down from Heaven and announced that God does not want USGlobal Airways to do a reverse split. I'd have to take Jesus to the side and have a chat with him because he clearly lost his holy mind.
If you know someone who owns shares, make sure you tell them to VOTE FOR THE R/S. It is the ONLY WAY we will ever uplist within the next 5-10 years. Most of you are on the older side of the spectrum. Do you really want to wait 5 years before the stock gets uplisted because some dumbasses voted against a reverse split? If you're still asking yourself if the R/S is the only option left, continue reading...
The company cannot use and should not use any early revenue for share buybacks to reduce the O/S. That would be very dangerous for shareholders because it means tempered growth. Assuming most of Igor's shares are retired (at least 700 million), that still leaves us with over 8.6 billion shares outstanding. At $4/share minimum NASDAQ initial listing, that would put us at right about where Delta Airlines is. We can't get there with a fleet of 10-20 planes. We would need hundreds. And being on the OTC will harm the stock more than anything else. There are exceptions for NASDAQ uplisting that allow for a $2 bid, but that still puts us at nearly $19 billion market cap, and that will take many, many years to reach...likely well over a decade if we remain on the OTC.
So next time you encounter a dimwit who hates reverse splits, do all of us a favor and tell them to read this post.
One day there was a small, aspiring company named Baltia Air Lines, Inc. that decided to rebrand and restructure itself to USGlobal Airways. They asked shareholders to vote on a name change and reverse split, and almost 32% of all shares represented were voted. And then something terrible happened (please make sure there are no children in the room): a group of extremely dumb, uneducated, inexperienced, fearful stockholders voted over 398 million shares against a reverse split. Two of these morons, Tom and Sally from Bumblefuck, USA, told themselves "Boy oh boy, we have TWO MILLION SHARES, WE'RE RICH HONEY! Glad we didn't vote for that reverse split!" I have some really bad news for Tom and Sally. Their shares aren't worth JACK. SHIT. At .005/share, they're sitting on a LIFE-UNALTERING $10K. Now, in Bumblefuck, that may be worth a lot. In the rest of the country, that's nothing.
I have bad news, folks. There are too many Toms and Sallys. There are far too many idiots who are allowed to vote without being held accountable for their stupidity. I have to waste my valuable time trying to teach people why they need to vote FOR the R/S and why their OWNERSHIP OF THE COMPANY WILL BE EXACTLY THE SAME AS THE PRE-SPLIT VALUE.
Look, I understand why the Toms and the Sallys of the world are nervous. They fear the stereotypical stock price plummet that happens to OTC stocks that do a reverse split. Unfortunately, there is no one around to explain to Tom and Sally what the difference is between a failing business and a growing company like USGlobal. You'd think this would be obvious enough, but no. IT'S NOT.
Why would this happen, you might ask? Why would Tom and Sally be so dumb? Well, kids, it's because they don't understand why we need a reverse split. These stockholders need to be forced to learn basic arithmetic to figure out how and why we will NEVER uplist to NASDAQ with the current share structure. And let's throw in a course in personal finance so we can teach these morons why a share structure of 9.4 billion on the OTC will never attract institutional investors. Without these cash cows, the share price won't increase.
To uplist to NASDAQ, you need a bid price of $4. Last I checked, our bid price was around .0059. Don't you idiots (the anti-R/S idiots) understand that we NEED to uplist once we're certified and generating revenue? At $4 per share, we'd be worth around $38 BILLION. The largest airline in the world by market cap, Delta Airlines, isn't even worth that, and they have 856 planes in their fleet. What the fuck is wrong with you morons? You need to be voting FOR the reverse split to save your investments.
I want all of you to help me spread the word that a reverse split is NOT OPTIONAL. I don't care if Jesus himself flew down from Heaven and announced that God does not want USGlobal Airways to do a reverse split. I'd have to take Jesus to the side and have a chat with him because he clearly lost his holy mind.
If you know someone who owns shares, make sure you tell them to VOTE FOR THE R/S. It is the ONLY WAY we will ever uplist within the next 5-10 years. Most of you are on the older side of the spectrum. Do you really want to wait 5 years before the stock gets uplisted because some dumbasses voted against a reverse split? If you're still asking yourself if the R/S is the only option left, continue reading...
The company cannot use and should not use any early revenue for share buybacks to reduce the O/S. That would be very dangerous for shareholders because it means tempered growth. Assuming most of Igor's shares are retired (at least 700 million), that still leaves us with over 8.6 billion shares outstanding. At $4/share minimum NASDAQ initial listing, that would put us at right about where Delta Airlines is. We can't get there with a fleet of 10-20 planes. We would need hundreds. And being on the OTC will harm the stock more than anything else. There are exceptions for NASDAQ uplisting that allow for a $2 bid, but that still puts us at nearly $19 billion market cap, and that will take many, many years to reach...likely well over a decade if we remain on the OTC.
So next time you encounter a dimwit who hates reverse splits, do all of us a favor and tell them to read this post.
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