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To: SI Ron (Soup Nazi) who wrote (31484)1/23/2020 5:55:26 PM
From: 1Coffeehound2 Recommendations

Recommended By
elpolvo
Savant

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If traders want to play RSLS, I wish them well, Ron; but here are some sobering facts for investors. Reshape LifeSciences began life as EnteroMedics (ETRM) which came public about a dozen years ago with an IPO of approximately 17 million shares. Since that time, there have been reverse splits of 1 for 6, 1 for 15, and 1 for 70 as ETRM then reverse splits of 1 for 15, 1 for 140, and 1 for 120 as RSLS. Taking the reverse splits out of the equation, this company would have issued not millions, not billions, not trillions, but QUADRILLIONS of shares since going public. Considering that, it should be of only minor concern to investors that a class action lawsuit has been filed against it; a lawsuit alleging misappropriation of trade secrets and infringement of two U.S. patents has been filed against it; three other lawsuits alleging breach of contract and other matters have been filed against it; and, of course, there is doubt about its ability to continue as a going concern.
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