Valeritas Holdings Inc. (fka VLRXQ)

[Stockexpertpro]

With all the insiders buying a lot of shares, how do you guys feel about the reverse split? Do you want it? Are you for or are you against it?

John Timberlake

We are for it. The management is for the reverse split. Our primary objective, obviously, is to maintain our qualification for NASDAQ so it's critical I think for all shareholders. So that is the primary driving force to do that.

Joseph Marino

only part of the entire conference call that i found interesting

https://seekingalpha.com/article/4262911-valeritas-holdings-inc-vlrx-ceo-john-timberlake-q1-2019-results-earnings-call-transcript?page=6

also they have done 2 reverse stock splits why not the effective current split ratio is 160 to 1. One 8 to 1 and one 20 to 1

That means that shareholders have been reduced down to around 1 penny per share take 2.40/160=.015