Thinking about things I addressed a little while ago here, I now find that my $1.38 projection doesn't even amount to a 15% drop FROM $1.62 due to the pending declaration of the reverse split.
That's a little concerning for me. I haven't pulled things together yet but I may have to unload some additional shares, albeit at a significant loss. However, the loss is already on the books even before we know the nature of the BOD's reverse. Today---at this moment, I'm seeing a drop of 12.1%.
In my heart of hearts I could wish the BOD decides against the split at this time, given negatively crushing market dynamics. But Menlo doesn't exist for my sake or welfare. That means I've got to take care of me. And this explains why I'm thinking of letting go of still more shares. But I won't do it today as I simply lack information I'll need.
Thoughts, anybody else?
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