Now that is silly. There is plenty to back up the potential need for a reverse split. There is a high share structure coupled with very low liquidity. These are the two key elements that necessitate reverse splits. Now if they can somehow find funding, or creatively restructure the company, then the need for a reverse split diminishes. If they can't, then they will be forced to get capital the toxic way and that is by selling shares. When liquidity is low and other funding is absent, most companies in this position reverse split and start the cycle over again. Don't count it out or liken it to mythical fairy tales as you are prone to do.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.