I totally agree about Dolly Varden (as I own a few shares).
OTOH, reducing the number of issued and outstanding shares from 318 million to just under 80 million, will give the company ample opportunity to issue secondary offerings to raise much needed cash!!!!
Sorry, but owning and holding a lot of these shares the past 25 years, has conditioned me to think this way…..
Hope it works out for them.