Smart to wait. Dirty but smart. They should suck out as much money from the market as possible then once this is stuck on no bid you do the next reverse split and go right back to diluting to pay off debts until you can't suck any more money out of the market again then you do the next reverse split.
As long as people are still willing to buy stock off fake buyback PRs then you might as well wait and suck as much money out of those retail investors as possible.
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