None of us knows for sure why they are proposing a reverse split. It could be a good thing or it could be a bad thing. We simply don't have enough information to know which it is. I hope for the best, fear the worst. It could be Nasdaq issue, it could be that it won't happen because of some great and glorious PR, it could be that they can't raise cash without doing it and they need a lot of cash.
I believe that the management has not managed money well. Too much sucked out by management, too many expenses given the financial condition of the company. Simply put,IMHO, have not been prudent when it comes to money. That, however,doesn't mean the company won't succeed and make us all rich. We have all known that this is a high risk investment. Well, now it is time for the rubber to hit the road. I for one plan to stay the course.
Those who are certain of the worst should sell now, otherwise I suggest everyone else chill out. The die is cast and we will know soon whether we will all meet in Vegas.
Good luck to us all
LadyX
P.S. I do hope that those of you who will be attending the shareholders meeting hold their feet to the fire.
