Quote:
drugmanrx

Re: None

Saturday, October 14, 2023 10:20:22 PM
Post# of 81317
First an foremost NO reverse split has been approved nor will one be approved in 20 days.

The pre 14c like the last one states AN OPTION TO DUE A REVERSE SPLIT is being approved not a reverse split.

To authorize the Board the Option to effectuate a reverse stock split of our issued and outstanding shares of Common Stock (the “Reverse Stock Split Option”), at the sole discretion of the Board at a ratio of 4,000:1.

My take is that the loan is not as certain as the company thought it was earlier in the year and the company is putting itself in a position for alternate financing of EPC IN CASE THE LENDERS BACK OUT or want a large piece of the company.

The last two options were allowed to expire or be cancelled.

Will it happen with this one?

In all honesty with the long delay in purchasing the property I am not as confident of this one not happening as I was with the ones in the past.

We are about a month out to the next filings hopefully there will be SPP store revenue reported and an explanation given.

Until then other that an open option to enact a RS nothing has really changed.

Kudos to Wallstreet his analysis was right on with this topic.

Quote:
drugmanrx

Re: Dolly Llama post# 77943

Wednesday, October 18, 2023 10:38:28 AM
Post# of 81317
The following should be a sticky.

A potential RS doesn't concern me because history has shown money can be made with one hanging over the companies head.

What concerns me is the reason I was given for the 14C and why I wrote this e-mail to Nick directly to ask this simple question.

"If your goal has always has been to structure the company to eventually be on a higher exchange which has always been your focus once you execute your plans., why should any one invest a dime in your company at this stage of development knowing they will be wiped out once you executed your plan?"