The RS makes no sense to me. The current share structure

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Dumotier Farmer7 #14137
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The RS makes no sense to me. The current share structure doesn't call for it. Not at their current burn rate, and not with their current loan.

There are only 2 reasons why I can think of that they would do an R/S and neither of them is good. I disagree 100% with the sending a message to the lender. If I was the lender and they did an RS I wouldn't care. I have sold the shares they currently diluted for me, and what do I care about the next go round when I dilute again whether its before or after the split? I would still get my shares and my money, but the ownership would be screwed.

the Nasdaq move I find highly dubious as well. Without Revenue to back up the reverse split, its just going to sink again, plus it will have the stigma of having done a reverse split, which will drive investors away not draw in new ones.

the only reasons I can think of to do it are to screw over the retail investors so big money interests can take over percentage wise, OR they know they have some massive expenses coming up on their future tests. Perhaps Sheba has informed them they are not going to get those huge discounts they are getting now when it comes to the second phase of trials, and they are looking at many millions in expenses for testing, and they don't have enough shares to sell now to new money. which would mean severe dilution.

Neither one of those scenarios is good. The Nasdaq thing everyone is pushing seems unlikely to me. Not without something else to give it a kick in the pants.
I don't see any good outcome as being likely from a RS.

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