If a company AAAAA is a mining start-up with no ba

If a company AAAAA is a mining start-up with no backer, their only option is to hire a brilliant management team whose first obligation is to raise money to build an infrastructure of physical and legal property and initiate a plan. Why should any company give a shit about the shareholder at this time? If you invest you assume the risk by speculating at a point where doing so is a pure gamble. Some reasons why there was a lack of backers could have been the high cost of production against the competition a few miles away already in full production. In any case, If you examine the emerging and solidifying facts of such a company, such as the primary ownership by the management team in common stock, that tells you that they are fully vested in the company and any reverse split would harm them, so its not even a realistic query to pose. The facts speak for themselves. No one can interpret them for you. They are self-evident.