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Raising $50 million would undoubtedly make it challenging to maintain control of the company. That's why I said it is questionable as to what amount the PP should be at.
Any PP would be spread out to several investors and not to any one individual.
The reason for the Reverse stock split is that you would have a better chance of attracting investors(or partners) at let's say a $2 dollar stock as opposed to 10 cent stock. (IMO)
