InspireMD Inc (NSPR)

[Value_Investor]

First, we are seeking approval for a reverse split of our common stock at a ratio in the range of 1-for-25 to 1-for-50. We realize this is not popular for existing shareholders and this is not something we would do if we had any other options. But the truth is, we do not believe we have other reasonable options. Without the option of a reverse split, we believe we will be unable to raise capital in the future because we would not have sufficient authorized, unissued and unreserved shares and we will likely be delisted from the NYSE for the lack of shareholder equity. We also risk being delisted for low trading price if the stock were to remain under $0.20 for an extended period. The consequences of either of these events would put the Company in serious jeopardy.

So the Huge R/S is inevitable for NSPR and it might kick in as soon as next week though I had already voted all my shares against the proposed the Huge R/S!

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12471566