In my opinion, Look like the share reverse split will be 1 for 20. $0.25 x 20 = $5.00 That will give the share price some cushion to be uplifted to NASDAQ
$0.25 is close to half way between $0.50 and what Weyl sold @40,000,000 shares at @0.16
The stock price range from June 2019 $0.50-0.80 til Aug 5 2019 it was no lower than @0.50 so why did management give a discount to so many shares. * maybe management didn’t believe that the share price was worth more than $0.16 per share.
100 million outstanding shares reversed to 5 million. That way the can offer more shares for sale without the appearance of grossly dilution after they uplist.
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