Not saying I disagree, and I could leave it at that but I’m just trying to sort this all out and figure out if this benefits us. The % of ownership is a valid point and that goes to my question about status of restricted shares. However, if we reach $2 and they pay the 1:1 even if listed that puts us back on the brink of delist and I think NASDAQ would view that negatively. So realistically we would have to reach $4+ to safely issue the 1:1. So I see this as a short term win. It will allow us to list and stay listed quicker. Yes it is essentially a 4:5 instead of 1:1 which is obviously not equal but I believe will benefit shareholders “more immediately”.
The alternative would be to postpone until maybe June to get the pps where it needs to be in order to safely issue the div on the original terms. I for one would prefer to have the shares in hand sooner and put this behind us and not HAVE to hold on to my position for risk of losing out.
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