Iota Communications Inc. (fka IOTC)

[Whatsupp]

There is no way that the stock gets up listed with the stock price less than $5.00 per share. For that to happen the stock would be valued at over $1B, that would be insane in the short term. The fact that insiders will not sell does not make the company worth more. We will see what the company 10Q says in a few months and what the forward guidance is.

Bottom line is that it is naive to not expect a reverse split, it happens with nearly all stocks that are up listed. Yes the merger creates a much more valuable company but it does not take a combined company valuation of around $130m to over $1b without showing some results.