I'm afraid, that's inaccurate. Of course you can uplist by reverse split. CleanSpark did, and all it took was a 1:5. I know, the exception confirms the rule. You are correct that it doesn't add any value as such, but even if you meet all other criteria, the stock price will never follow, especially not in case of a double or triple zero. Even the very ability to trade, can depend on the PPS. Firstrade for instance, will no longer open positions in Pinks, if they trade under 10 cents. You can only close, what you have. A R/S would instantly fix that. If you do a reverse split, the number of A/S should be equally taken down, so there is nothing to gain. And seriously, if a company is determined to issue more shares, all it really takes, is a shareholder vote to authorize that. If management controls preferred shares, they can even issue that ruling alone, in lieu of a meeting. So it comes down to a simple question, which is, if they have your confidence, like that you think, they're acting in your best interest, by raising capital, for a good reason. A technicality will never protect you. I agree that most reverse splits are smoke screens, to make a stock price look more respectable, when it isn't. It all comes down to the story. If they have your confidence, there is not even need to be concerned about a R/S. The flipping attraction is already limited here, since 0.0001-0.0003 are long behind us, and we're nowhere close to the minimum bid either. That is a unique risk, limited to trips. SPRV used poor judgement, and did a reverse split at 0.0001 / 0.0002. They were instantly vaporized. That's because they removed the floor, while they were standing on it. That valuation was not based on conviction, but only on the technicality of the minimum bid. The reverse split removed that safety net, and all the gambling money instantly made a run for it, since the flipping attraction from 1 to 2 dropped away. Again, this doesn't apply to GRLT. We're nowhere near those levels. So, if you trust Gregory, you can stay invested, and if you don't, it's not for you anyway, with or without corporate actions, pertaining to the stock.
