Siriusowner - How they will more than likely do it is like this (assuming the R/S and additional authorized are approved):
First, increase the outstanding shares to 8,000,000,000 (yes, billion).
Second, immediately reverse split, let's say 1 for 50. At a price of .28 per share leaves us with 1/50th the amount of shares originally owned at a new value of $14 a share.
Outstanding shares would be decreased by 50x (8,000,000,000 / 50 = 160,000,000) and price would go to $14 a share.
What exactly are the benefits of this? One answer and one answer only - get us above the $1listing requirement.
But you know what, who cares because what really matters is what our shares are really worth when it is all said and done.
Assuming we give this stock a multiple of 50 and it happens to earn .10 a share at some point in the near future that still only leaves us with a stock valued at $5 per share. The shorts will eat us alive and it will only be compounded by the fact that we'll own a fraction of the original shares.