Resonate Blends Inc (KOAN)

[mdimport]

The normal mistake CEO's make with Reverse Splits is to wait until the stock is No Bid x $0.0001. All that does is make the size of the R/S magnitudes of order larger to reset the share price.

Since the writing is on the wall with respect to the oncoming R/S in $TXHD, a competent and smart CEO would effect a 100 : 1 split now at $0.0010 (O/S = 15,000,000 @ $0.10), instead of a 1,000 : 1 R/S at $0.0001 (O/S = 1,500,000 @ $0.10).

The ability to act in a timely manner is a purely objective measure of competence that mitigates shareholder damage.