1 for 10 reverse split needed.....If we want some respect
I know...I know it's just cosmetic, does not change a thing - not one.....But it does elevate the stock price and with that some respect....We could even do a 1-20 and get the price to nearly $4.50 or 1 for 30 and get a price of $6.72 or how about a 1 for 60 and get a price of $14.40.....What the heck....let's do the 1 for 10.
I dont think that would be a good idea. It would look like a good pps for about 5 minutes after the market opened and then the stock would start a long spiral down further reducing the market cap. Statistically, R/S almost always result in losses to shareholders. Any holders who have been around for a while will take massive losses if they havent already. The time to do a R/S is when the market cap accurately reflects the companys potential and then do a R/S and uplist to nasdaq. They will get no respect on OTC even if they are a $10 stock. liquidity would dry up so fast. For the long term holders, I hope that no one at this company is actually considering doing a R/S.