RiverNorth0x, a very important VYST understanding...
I will answer your question by explaining much that I think needs to be understood.
I was informed by the company that the only way that VYST would do a reverse split would be if they needed to do a small no higher than a 1-10 to meet NASDAQ requirements of having a $4.00 minimum bid for 30 consecutive trading days.
I was also informed that if such is the case, VYST would announce a no higher than a 1-10 reverse split at the same time of announcing their application submission to trade on the NASDAQ and would do so when the price is at .50 per share. The company told that they would make sure that the NASDAQ submission would be filed for investors to confirm because they would not want investors to think that they would be executing any reverse split for the negative norms that exists with stocks that have done reverse splits before in the market. They are very aware of this. I was told that if they never submit their application to the NASDAQ, they will never do a reverse split.
Here's a good example of a stock that I was in that had done a small ratio reverse split. Look at what happened with INTV as a better stock to "compare and contrast" how a stock with substance reacts after doing a small ratio reverse split. INTV had done a small 1-50 reverse split. The pre-split price was .001 and the post-split price was .05 per share. Later after their small 1-50 reverse split, INTV ran from .05 to $6.74 per share.
I will tell you, no offense to INTV, but VYST has far more going on than INTV since the acquisition coming into VYST is going to bring over $35 Million in Revenues and is very profitable. I remember back during the INTV days, I was really trying to tell investors to fully understand the magnitude of what was transpiring and to not stereotype INTV be of the norm with those other stocks that had done the high ratio reverse splits. Heck, since I'm more wrong than being right within this tough market, some ignored my thoughts then and I truly understood why though. I will say that the situation here with VYST is far better and what's happening here should not be ignored.
v/r
Sterling
