Here's what I think about the r/s:
1: The only "harm" it causes is the assignment of a new ticker. That was the main reason mgmt. said they didn't want to do it. My opinion is it doesn't make a damn bit of difference what their ticker is.
2: I think people hear reverse split and have an instant gut-turning reaction because most reverse splits on the BB or pink sheets are because the company can't fund itself and issued as many shares of stock possible. NOT the case here. IT'S TOTALLY DIFFERENT IF THE COMPANY IS DOING IT FOR UPLISTING REASONS!!!
3: Management didn't rule out a r/s entirely, they just said they didn't want to do one if they didn't have to. Well, I don't see the share price getting anywhere near the $4.00 per share necessary for the nas without it.
4: This is no big deal as long as the company doesn't use it as a dilution tool, which I don't see them doing.
All IMO, of course.
When everyone actually IS out to get you, being paranoid is just smart thinking.
Moe
