That was indeed their stated plan on that "article" I posted from WeChat not long ago. It was written up at the end of February if I recall correctly.
I would be shocked if they could actually pull that off. I would not complain if they do. That would be a good thing, BRich, IFF they can do it.
But I think a much greater reverse split would be necessary at this price. IFFF they were to have a chance. A 1 for 10 wouldn't meet the goal requirements for Nasdaq. So, the market price would have to be more like over 30 cents before they do that. Which means, I expect an orchestrated stock rally BEFORE that happens. IFF it were to happen. I would hope, anyway. Otherwise, they won't qualify on a 10 for 1.
But I do like it!
And although the article made no mention of a reverse split, a $3 price is one of the minimum requirements to be on Nasdaq. I wouldn't know if they could meet the other rquirements since we don't have transparency yet.
IFF they were to announced those plans in the future, that has potential to rally the stock to over 30 cents. Just the fact that a $3 minimum price is required for Nasdaq listing would mean a 1 for 10 reverse split would by necessity imply the qualified agenda is arguably worth over 30 cents pre-split. At least, by my reasoning. This split however is all conjecture. But a reverse split of some sort would be required for Nasdaq listing. Unless they think they are going to catipult up to $3 with no split. I'm not complaining under any scenario.
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