"Management has tried numerous times to bring in a reverse split, couched in different language with ultimately the same result. A reverse split by any other name is still a reverse split."

Hi rj, my 5 star friend! Please allow me to diverge here. What KWG management did propose was not a reverse split, and had nothing to do with it. I will not bring back the explanations I have posted at the time, and the precise quotations and legal consideration that were brought on by myself and others, but the proposal was clearly not a consolidation of shares. The integrated options to move the 2 classes of shares back and forth rendered the operation impossible to have such a result.

Let me just say that a reverse split operation is like taking 90 sheets out of a 100 sheet pile and trow them into the fireplace to burn, leaving you with a 10 sheets pile. Frank Smeenk's crafty proposal was allowing you to divide your pile of 100 sheets in 10 equal smaller piles of 10 sheets, and to reunite them at will into a single pile of 100 sheets: not even a single sheet trown to the fire... Why that? to allow higher level financing, some institution only invest in heavier piles altough of the same sheets... Sorry for the comeback, too late to understand now!

GLTA.