I really don't like it. They have just squashed this thing until the reverse happens. If they think changing listing boards is the answer to their prayers they are wrong. The only way out of here is to cut spending and show a profit, and continually increase profit shown.
Management has continually increased spending, ahead of revenue.
Management has gone for the magic bullet (reverse and Nasdaq) but where is the money to do that coming from. I am not against debt conversion, and perhaps that is part of this equation, meeting some demands. I just feel they are a little to savvy for their own good. slow and steady wins the race.