and theyre cashing out anybody with shares from 5-100 at 30$ a share, sometime in january
The cash payment to stockholders to be paid in lieu of fractional shares remains unchanged so that a stockholder owning immediately prior to the effective time fewer than a minimum number of shares, which, depending on the stock split ratios chosen by the Board, would be between 5 and 100, would be paid $30.00, without interest, for each share of common stock held by such holder immediately prior to effective time. Cashed out stockholders would no longer be stockholders of the Company. At this time, the Company believes that any reverse stock split ratio within the proposed range would reduce the number of record holders below 300, which is the level at or above which the Company is required to remain an SEC registrant.
Unless I'm not understanding this correctly, they're talking about stock ratios, not number of shares. The 5-100 is the split, forward and back, so they can delist.
https://investors.parkerdrilling.com/ir-calendar
They have a special meeting of Shareholders scheduled on 9 January 2020.