So WTF? This went from crappy to extremely $hitty. Pasaca want's 51% and with the authorization of more shares, 714,000 more for Pasaca to get 51% we are now at 1,414,000 shares. That makes it harder for the stock price to move. It also reduces our worth in the company by half. Not a fan for how all this has and is playing out. Now on top of that we get to add insult to injury. To uplist the shareholders will get hit with a reverse split inorder to increase the stock price. Again the shareholders get screwed. Sure the reverse split increases the share price but it is at the cost of shares the investors own. Everything is even and equal in the beginning after the reverse split to increase share price, that's fine. The issue is on the price rise (if there is one) in the future. You now are losing money as you have less shares due to the reverse split. Sure you get to uplist but at what cost to your future earnings? I'm fine with a 2 or 3 to one reverse split, that's not too bad. If you start talking 10 to 1, now your talking significant long term loss of return for what amounts to an immediate and temporary fulfillment of satisfaction.
The next question is, Is the reverse split before or after the issuance of Pasaca shares?
This filing F... up is a major disaster.
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