A reverse split can backfire. At this time, 50 cents seems like a reasonable bottom, no matter what happens. If you raise the price, without any net benefit to shareholders, there is more room to drop in the case of any negative news or perceptions. A reverse split can also be construed as an artificial prop to price (which arguably it is) and that can result in further negative ramifications by the market, perhaps only short term, for share price.
Stay the course and get the stock over a dollar short term. A simple appraisal of Streetlinks could accomplish that in my view. Reactivate earnings calls next quarter and eliminate any fears that the company is hiding stuff and that can only help. Provide some solid projections about CorvisaCloud and that should get us up another notch.
If there were to be a reverse split, I would prefer to see it on an upswing rather than during a time of flat or falling share pricing.
I understand a reverse split just changes the slices of pie - some fees BUT I am dead set against such an event. NOVC did a 2:1 reverse split in Nov 2003 which is very bullish. A REVERSE SPLIT IS A VERY BEARISH SIGNAL. NOVC