Hi matronmatt,
I think some folks assume that everyone here is here every day and reads everything... I don't believe that's the case. I'm here more than I should be!
Anyway, the reverse split, if it happens, would be to increase the PPS by reducing the number of outstanding shares. Example: if there are 300 million shares at .40 each and they do a 10:1 reverse split, there will then be only 30 million shares but worth $4.00 each, so the market capitalization (value of all the outstanding shares of stock) will remain the same. Everyone will have one tenth of the number of shares they had but the same total value.
The reason for Titan to consider a reverse split is to be able to uplist to a better exchange for the stock. They have expressed a desire to list on the NASDAQ, a larger exchange for bigger, stable companies. One of the requirements to uplist to NASDAQ is to have some minimum share price, and one way to achieve that is to do a reverse split. It is unknown if we will have to do that; it is possible that our share price could rise enough to meet that minimum without the split. My personal guess is that the RS will be needed to do it in the timeline they want, but I HOPE that isn't true. And there is no guarantee they will do it, but they have said they want to.
As for others expressing their reluctance to repeat answers we have discussed as a group many times before, maybe I'm more forgiving to our relative newcomers, hoping to keep this a friendly environment for more folks to feel comfortable chiming in, either with info or with questions. That being said, I have to agree that if you check in with us more often, you'll be up to speed on just about everything we know about the company and the situation. So consider this an invitation to check in daily, and don't take anything personally that is said on the board. The "veil of anonymity" (as I like to call it) from logging in with a meaningless ID give some people a bit more freedom to offend than they might have in person. Any anyone can have a down day; just check my posts from early this morning!
