Or maybe just reprice it at 0.06 and keep 1/2 warrant at 0.10... make it a little less drastic to keep everyone happy.
Because 2-3 shareholders were not happy about it, now probably a good portion of the remaining 3997 feel a little irritated.
I've experienced in the past management teams not seeing people buying shares on the open market as being supportive to the company, because that's not what keeps them going. So why care about them?
A strong commitment and message for all shareholders would have been for Copper Fox to announced a share price support plan years ago. Anything under (e.g. 10 cents) can be purchased by insiders to support the compagnie or something like that.
If they badly want shares, that would have been an avenue.
MoneyK