The shareholders would have to agree to this. Why would we want a reverse split at this point? A 10-to-1 split would put the pps at .45. Just hold on for future developments. The reverse split would make more sense for the company at a higher pps.
Hey blue eyes hope you are well. The problem here is you say to hold for future developmets but it is dangerous to take your eyes off this stock if you want to save something. Bankruptcy is the only way out of this mess.
Thanks blu_eyez01.....so it is better for the company...but not the shareholders..is that right? you girls (nurses)amaze me at how much you understand in the stock world....I guess they're right (I'm a dummy)but am learning fast.
Shirey it needs approval from the shareholders. WIth a company with this many outstanding shares 2 for 1 is not even close. You would be looking at somewhere between 30-1 to 50-1 on 750,000,000 shares.