Lots of commentary at the swamp regarding Friday's
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Posted On: 08/04/2019 11:32:36 AM
Lots of commentary at the swamp regarding Friday's filing most of them negative in an effort to spread fear, uncertainty and doubt. Despite the full court press by the minions of the shorts it will not work. It is all BS. We all know management's position on a reverse split is there will be none. We also know Leo and the BOD have been incredibly frugal over the past several years in terms of limiting dilution.
What I am going to suggest is that the increase of the authorized will place additional arrows
in Leo's quiver that can be used to benefit the company and its shareholders. Leo would IMHO be much more likely to do a forward split than a reverse split. I will not speculate as to just how big the naked short of our stock is but it is large and it may be so large Leo is being advised to have shares available to raise capital when news that will turn the tide is released. The bottom line is only management knows with certainty how those authorized shares may be used and under what circumstances but we all know Leo has a history of being a good steward of company assets. Onward to NAQSDAQ! Go IPIX!!!
What I am going to suggest is that the increase of the authorized will place additional arrows
in Leo's quiver that can be used to benefit the company and its shareholders. Leo would IMHO be much more likely to do a forward split than a reverse split. I will not speculate as to just how big the naked short of our stock is but it is large and it may be so large Leo is being advised to have shares available to raise capital when news that will turn the tide is released. The bottom line is only management knows with certainty how those authorized shares may be used and under what circumstances but we all know Leo has a history of being a good steward of company assets. Onward to NAQSDAQ! Go IPIX!!!
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