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Friday, June 26, 2020 10:57:57 AM
https://www.fool.com/knowledge-center/whats-a-reverse-stock-split-and-can-it-really-help.aspx
There are several that tried to make an argument that a RS changes the fundamentals. I dismiss their concerns as soon as I hear this. Yes most times RS's are done to hit the ATM for more cash when needed, and stay afloat. It is a tool. So long as it is not long term, it is more likely to work. What hump does any business need to get past....is it a long term hump or short term?
No RS has ever been done to produce and market Spider Silk products. Yet another metric to consider. Add it to the list of firsts, this company has done.
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