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Thursday, November 11, 2021 10:41:34 PM
For any company in this stage and in the financial distress this company is in, a reverse split is not a sign of health. In this particular situation however, unless Josh can find a buyer to take on that debt and start financing the company without selling billions s more shares, a reverse split may be the least bad option. I used to work in the institutional lending department of a company that had billions of dollars in assets under management and I was responsible for analyzing 10k and 10q reports and I have read Mobicard’s financials so don’t give me any of your spin.
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