BioLargo Inc (BLGO)

[stock442]

True, but companies tend to see reverse splits as an easy option. It’s easier than a stock buy back. They might never do it, but it’s an option companies like to have. Most small companies care more about their future investors than the investors who got them to this point. I’m not saying biolargo is like this, but just an observation that companies believe the end justifies the mean. Hopefully they never use the “ nuclear” option, but it’s a tool in their toolbox if they want the price to go up. Unfortunately, reverse splits do little to help small companies because it still doesn’t get them noticed or put on nasdaq. It just annoys their investors who wind up selling their remaining stocks and refusing to invest anymore funds in their stocks. Hopefully they don’t use this option. I think the company has great products, making more money YOY, and getting new contracts everyday. No need to use a reverse split in my humble opinion but we’ll see.
GLTA!