Listened this morning. Lots of stuff in the works, including a skin cream deal with PG. Lots of "great quarter' from the analysts. Expecting a following now and possibly an upgrade. Would be nice to be over 7. Breakout territory.
If this company does well enough to move up a dollar it is then doing well enough to move up 3.00 post split. If and when they have earnings, it will be 3 times as much per share, so the price will probably move up the same percentage.
Don't sweat it, they seem to be moving in the right direction. And this move should attract more investors, which in itself will move the pps.
Yes, but now if the company earns a presplit .01, it will be a post split .03 and the price will reflect it. The company is still worth the same amount it was before the reverse split and you still own the same percentage of it. Owning 1000 shares of a company that has 100,000 share is the same as owning 100 shares of a company that has 10,000 shares.
The company being on the NAZ and having a higher price opens the door for new investors.