From s-1:
"At our 2019 annual stockholders meeting, our stockholders approved the Reverse Stock Split of a ratio of not less than one-for-ten and not more than one-for-forty at any time prior of July 23, 2020.
Moreover, because some investors may view the Reverse Stock Split negatively, we can not assure you that the Reverse Stock split will not adversely impact the market price of our common stock. Accordingly, our total market capitalization after the Reverse Stock Split may be lower than the market capitalization before the reverse Stock Split.
We have applied for our Common Stock to be listed on the Nasdaq Capital Market or another national securities exchange.
Our long-term goal for Prodigy Textiles is to create a research center for development of our specialized silk, to the contract with local farming cooperatives to grow upwards of 2,500 hectares of mulberry (which would allow for production of up to 250 metric tons of our high strength silk per year) and to serve as our principal manufacturing center.
This substantial demand for spider silk materials across the broad spectrum of applications for high performance fibers and textiles, combined with the limited initial production capacity, has provided the opportunity to be selective in choosing market channel partners best able to quickly bring our product to market at scale.
With recent advancements in our manufacturing capacity, we expect to generate revenues from these relationships in 2020."
Things are getting interesting, wild swings by market cap for sure
