Automatic assumption that a reverse split is disastrous is simplistic thinking. A weak and way over-used mantra of bashers as well.
Companies that reverse split because of already-in-place disastrous trends do sometimes have their stock price go down, but you can't blame it all on the split.
ASTI had put in a definite bottom. The bad news is in and it's been years coming to light.
And we have plenty of time to comply with nasdaq.
With a new product here and there, along with the technicals, I believe this stock is going to go up for a while.
The chart has given an unmistakable "all clear" for continued rise.
You're right, it's not automatic but, statistics verify that it's usually not good for share holders. I've been there and done that, have you? I hope you're right and the pps goes back above $1 on its own but, if it doesn't and the company brings up a reverse split for the share holders to vote on, you better run for the hills or get ready to lose your behind. You can call it simplistic if you want, I call it realistic! I hope you're right with your last statement, "The chart has given an unmistakable "all clear" for continued rise." We just need it to go above $1 for 10 consecutive days to regain compliance with Nasdaq. You would think the company's IR and/or PR dept. would be trying their best to put out anything positive to get this thing to move upwards, right?