Historically a large percentage of companies that execute reverse splits will continue trading lower after the split. A reverse stock split is normally a very big red flag. Considering ( IMHO) the consistent history here of @Serial Dilution@ followed by insider selling……… this reverse stock split….. reducing the number of shares outstanding, but increasing the share prices proportionally makes it easy to ^^rinse and repeat^^ past behavior.
When (inevitably IMO) they start issuing more outstanding shares.... again diluting but after the reverse split the new reported increased outstanding share number appears to be a less shocking number. i.e.,….. instead of issuing (for example) 50,000,000 new common stock shares…after the 50:1 reverse split that would come down as 1,000,000 newly issued shares.
So a reverse spilt could be a vehicle of ::Stealth Dilution:: so Caveat emptor.
In most instances I would agree with you. However, since the purpose of the R/S in this case is for a much needed uplisting, I believe it would be highly beneficial. I voted in favor of the last one and unless something changes I will vote in favor of the next one as well.
do you understand why this firm would want to do an R/S? Also, you do realize it would have to be voted on again and approved, the old R/S authorization time frame has lapsed. It'll pass this time too. Best time will be post Trial results - assuming all is well. This firm is not like most firms that do an R/S.