News of a reverse split is a sell signal for the people who haven't gotten out yet.
All of the insiders were unloading today--Tuesday.
I'd be happy with 10 dollars per share.
What happened today.
I don't think you will see a stock split until the share price is well over 100 dollars.
There is no reason for a stock split.
Anyone who owns this stock now should consider selling before the price goes to zero. Something is better than nothing.
Also, please see my April 2012 message on this message board., entitled OVERPRICED.
Sentiment: Strong Sell