I have been telling you all that the reverse split option is on the table when the share structure become untenable for conversions. Everyone points to statements from the company but I believe the term "forsee" was used. For me the word "forsee" makes the comments much less definitive. LOL The fact is debt holders can fill their quotas deep into the trips so I doubt that they consider it until they can get at least the LABRYS fund off their back. Also on the FAQ page the CEO says that they have been there and done the conversions in the trips before. Sooo... no big deal.
Reverse split tweet
Ethema does not foresee any need for a reverse split at anytime in the next year or two. $GRST
"The current Board and management does not support a stock consolidation. There are only two reasons the board would consider it. The first would be if the stock halts trading because it has reached 0.0001. The Company has already been through a situation where the stock hit .0001 and essentially stopped trading. The Company resisted doing a consolidation then and would resist doing it in the future if anything near to that happened. The Company does not foresee how that can happen now that it has a valuable asset in the treatment center and still has a well performing real estate asset in Canada. The second would be to up-list to an exchange that requires a minimum stock price. The Company could seek an up-listing at some point in the future but there would have to be some sort of financing tied to that. Neither of these situations are in the foreseeable future."
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