Easy to run the numbers. Let's assume that a rever
Post# of 12590
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Posted On: 07/06/2022 7:42:52 PM
Easy to run the numbers. Let's assume that a reverse is approved for the low end - a 100:1 reverse. There are roughly 975m shares outstanging (currently owned by shareholders) representing an ownership stake of 97.5% of current shares.
Post reverse split the ownership stake would be 9.75 million shares with the authorized shares remaining at 1 billion shares. This would provide SNPW with roughly 990 million new shares to use as may be needed. If the new shares aren't used then the current holders would not be impacted. If they do use the new 990 million shares then current holders would be impacted - diluted. The question one has to answer is will the authorized share count of 990 million shares be used - if so, how many?One other angle, the post reverse price would be $1. My take is this price could be impacted by shorts unless SNPW improves their revenue, balance sheet etc.
"What it really boils down to does one believe regardless of a RS or not will the position be higher in the future than it is today."
MY opinions.
Post reverse split the ownership stake would be 9.75 million shares with the authorized shares remaining at 1 billion shares. This would provide SNPW with roughly 990 million new shares to use as may be needed. If the new shares aren't used then the current holders would not be impacted. If they do use the new 990 million shares then current holders would be impacted - diluted. The question one has to answer is will the authorized share count of 990 million shares be used - if so, how many?One other angle, the post reverse price would be $1. My take is this price could be impacted by shorts unless SNPW improves their revenue, balance sheet etc.
"What it really boils down to does one believe regardless of a RS or not will the position be higher in the future than it is today."
MY opinions.
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