The REAL reason for reverse stock splits is to crank up the printing press and dilute more.
Also, watch for a 'secondary offering' VERY SOON.
This is NOT good news, people. Reverse splits are usually a LAST RESORT for companys with one foot in bankruptcy and the other foot on a banana peel. They can hipe it any way they want - 'uplist' - whatever. I think this will be below 2 or 3 bucks within 30 days or less. We'll see.
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