you both are wrong. ntwk was forced to do a reverse split to keep their nasdaq listing as the
stock did not meet the minimum $1 price requirement. management had no choice.
today's price is split adjusted at $1.04 with 88 milliion shares outstanding. when the stock traded at a high of $2.30 a share 2 years ago their earnings were q1 .04, q2 .04, q3 .06 so they had a split adjusted eps of $1.40 per share after only 9 months back then. this years earnings estimate of around .94 (will not happen by the way) for the full year is far below that of 2 years ago. why you say? because shares have been diluted by 62% since then. that's why this stock will never ever
trade at the old split adjusted highs of $2.30 ($23.00) a share unless earnings ramp up dramatically. not likely given the fact that the stock is still being diluted every quarter.
if you guys were around 2 years ago you would know this info. watch the total share count every
quarter not the weighted average count.