After the 1:4 reverse split, we will have a 12 mo high of $5 and a current price of $2.80. Pennies and fractional cent earnings become nickels, and a company that earns approx a penny a month will now show earnings of upwards of $.40-.50 cents for the year. There are several $3-5/sh micro caps with 20 - 30 million shares outstanding, earning $.35-.50 cents/sh, in niche growth markets that are being sought out by investors.
A 1:4 reverse split will put this growth company on the radar, with potential 12mo's forward target earnings of $.40-.60 cents/sh and a stock price of $4-$6.
This is a very positive move for the company at this time with the new casino's coming on-line and investors looking for the next casino growth regions, such as Cambodia and Vietnam.
All the gloom & doom noise on this board is by day trading novices not investors.