Yes That's True
I might even actually think that the topic and perceived urgency of achieving $1.00 is merely a ruse for either profit taking and/or ATM dilution, while some still can. But a reverse split imo is inevitable, per your opinion.
The deadline for the delisting issue might be extended to June. So it is not a real "current" issue. Just a ruse for "whoever", by traders. I think the Company will add more Authorized Shares to maintain the 500,0000,000 and then go for a 1-for-10 RS at around 70 cents. JMO ... Who knows, they may be forced to "give away" their entire company by then anyway, lol.
Recent and future revenues, or how profit may be defined, are gross speculations. And shrouded by the Safe Harbor "Forward-Looking Statements" clause, imo. As well as references to dilution and how it may be defined or applied.
It all makes absolute perfect sense.
From a pure trading aspect (considering the ATM dilution, debt, notes, warrants, etc), any cup pattern may soon form a handle around the 70 cent area. There is plenty of stuff to at least support that possibility.
WATCH OUT !
