I know the R/S is dreaded in the otc/pink-land, but keep in mind SRDP (now $BHPA) was a Lazar custodianship ticker, that did a r/s last year, and went up over 220% afterwards...
Companies do reverse splits for several reasons (ie, obtaining a higher stock price with hopes of eventual uplist) other than for ‘control.’
We’re used to the R/S, dilute, rinse and repeat with regular otc/pink tickers—but with a legitimate company, in theory (excluding any subsequent dilution) the value of of the company pre and post-RS should be the same...in reality, many investors get scared and rush to sell leading up to or directly after the event; but that’s not always rational, especially if there is a legitimate, quality company behind the stock.
Just my two cents. GLTA!
“Trust Me, I’m a Doctor”
All posts are my opinion! Do your own DD!! GLTA