Thursday, January 07, 2016 5:31:28 PM
My opinion is that a reverse split is definitely going to happen, but the question is when. I think they'll put it off at least another year, maybe even two. The share structure is not suited to a company this small, so at this point the CEO would more than likely say that will change through buybacks. Ideally, that is what would happen, but I don't think that's what will happen with VPER.
Everything is sitting on Apollo and VPER shareholders are going to see little, if anything, from Apollo.
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