He wasn't afraid of the cut in half - he was afrai

He wasn't afraid of the cut in half - he was afraid of the extra 20 - 25 million shares that would have to be issued because of CMF's shenanigans and the other restricted shareholders demanding the dividend. That would mean a 30% or larger increase in outstanding shares, which would decrease the pps at any given market cap. I believe that is what he meant by "chewing through" those shares regarding raising the pps back to the $2 level for NAS listing.

If only 23 million of the 45 million shares received the dividend, then the pps should not have been cut in half to begin with. But we now know that OTC doesn't give a rip about accuracy when it comes to splits, dividends or retirements; it automates the process and all shares are treated with equal disdain.