A share buy back would further dilute current shar
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Posted On: 04/24/2022 12:40:47 PM
A share buy back would further dilute current shareholders if it was to take place prior to a reverse.
Remember, the authorized shares are not subject to a reverse, only the outstanding. The effect of a share buy back pre split would take outstanding shares and convert them to authorized - bad for current holders. Common for companies to stipulate in a reverse filing that they will not buy back shares in the open market pre split.
Please provide a link where a share buy back is referenced so we can all be on the same page.
My opinions.
Remember, the authorized shares are not subject to a reverse, only the outstanding. The effect of a share buy back pre split would take outstanding shares and convert them to authorized - bad for current holders. Common for companies to stipulate in a reverse filing that they will not buy back shares in the open market pre split.
Please provide a link where a share buy back is referenced so we can all be on the same page.
My opinions.
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