A mining Co. that I am a bit familiar with, has done a reverse split twice that I am sure of, maybe 3 times. 10 to 1 each time.
This was over the years, and the "owners", the CEO & Directors, have made out very well in those years. After the split, they would get some financing by issuing more shares, and do that over and over until the numbers became so large, that they had to do a reverse split. You get the idea. If they did it only twice, a shareholder would have ended up with 1/100th the amount of shares he started out with. And the share price largely the same. Those reverse splits were good for the Company, as their business could continue, .... but not so good for the long suffering shareholder. Instead of proceeding in a different direction or conducting business in a different way, they continued as always.
So .... what's good for the Co. is not always good for the shareholder.
I'm not suggesting PTK management has no regard for the shareholders, or would think along those lines, but just thinking about it ......
PTK needs a quick path to some income!
