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Friday, February 05, 2021 8:32:20 AM
2nd Any seasoned investor knows not every RS is bad. It depends entirely on the motivation and purpose of the split. Personally, I have been involved in two Rev splits that were smart and beneficial to the company and, therefore, its shareholders. As mentioned, the way it is mentioned at all in the annual report here is ambiguous at best and will obviously get proper clarification as to whatever it may have referred to.
3rd. Why would a company with 24M outstanding shares need a reverse split at all? That would raise the price per share beyond the purses of many investors. And it seems there has been keen interest in this company for some time. The price per share will fall within the listing requirements of several exchanges soon enough with no need for a split.
I'm choosing to stay the course. This usually works out well for me.
Spock....Vulcan hate freak outs.
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