Considering that Michael Forster first took this Issuer public as Cleaner Yoga Mat Inc registered 1,000,004 shares to be free trading through the S-1 and subsequent 4.0486:1 forward split, the reverse split probably should have happened a long time ago.
Valeritas Holdings Inc never should have acquired a shell created by Michael Forster, and after they did they should have wiped him and his S-1 registered free trading stock out immediately after the acquisition closed.
But it looks like the reverse split is primarily to try to get the ticker uplisted to the NASDAQ.
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