WhiskeyLady: Regarding a possible Reverse Split of PSID - Just look at GBSN (now GBSND) opened up Monday (04/10/17) after a 2000:1 R/S at $6.92. Today it is at $.90 cents and still falling. And GBSN has millions in revenue. Pretty solid. That's what happens with a Reverse Split on a penny stock in penny stock hell/basement like PSID is in. Those whales that hung on - most likely none got a chance to anywhere $6.92.
The small investors lose their entire investments and the whales take a big wack. The small investors surely are ticked and they will never go back. That leaves a very limited pool willing to take a chance on a falling penny stock.
If PSID announces a R/S I am out of here very quickly.
A Reverse Split on a penny stock, especially in the trip zeroes is legal highway robbery. A small investor will get wiped out. I have seen far larger ratios than 2000:1. Say 10,000:1, 20,000:1, 35:000:1
A R/S can happen after it gets approval from its state of corporation. Then usually 10 days or less after it gets approval from FINRA.
