They are getting close to being delisted and they expect the same revenues this year as last year
so looks like they will need to raise cash here Any thoughts on the reverse 5-1 or 6-1 to keep it over a dollar
I'm not sure that they'll raise money at the same time they do a reverse split. Shai is under water in his stock investments and may not want to see further dilution. I woukd expect to see a 5:1 R/S some time in February. We would have around 2.5 millio shares O/S and it might actually be good for the stock in this case, as the float will be so thin. The only reason they would raise money at these prices is to build up inventory for their new device. However, I do agree with you that the stock is behaving as if they are planning a raise (even if it makes no business sense to me).