Savvy Trades and Investments

[misterp]

I don't think they will recover from this customer loss. Even taking into account potential cost savings of a de-listing isn't enough to cover this customer loss. A delisting would whipe out a lot of cash because of all the arbitrageurs.

If I was the owner/operator I would cancel the reverse split and go for a liquidation. Recent customer losses (IBM is not the first big loss) show that their product just isn't good enough.

I believe that there is a good possibility that the reverse split will be cancelled for above reasons.

In a liquidation scenario 30 cents is the max.