Let us think more about this. I have been through 2 reverse splits here in Caredecision er DECN. Never once did I get a chance to vote on the reverse split - that was at the time because 51% of the outstanding shares were voted in favor of the reverse split. Me and a whole lot of others were not consulted in the 49%. So fast forward to now. In the last few days a number of posters have commented about the PR's or filings which do not have the continuity from one to the other. My personal opinion is that the large shareholders are not interested in pps at all. And if not, why hold shares in this public company? The best I can guess is they are holding out for a buy out at their price. Further, any buyout might be structured where the preferred/or special class of stock get dollars and the common shares get pennies. Thinking this way, in my mind this would explain their behavior around the discussion of pps. As with the RS time, common shareholders will get the short end of the stick, I see nothing to change my view of this possibility. [[ Giving Mgmt and their close friends the last laugh at the expense of common shareholders]. Would be interested in comments from shareholders that do not have a personal relationship with management of this firm.
GLA IMO
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