IMO, if the merger happens and there is a reverse split it will not be a bad thing. A lot of penny stocks use a reverse split to get the PPS up so they wont be de-listed. So, it brings with it a certain stigma. In the case of TADF, I do not believe this is true. It may scare away some of the weake hands but the people that know the potential of this company will not run. Actually the last company I had a position in that did a reverse split was bought out and I ended up banking a 5000% ROE (cash pay out), so I really can't complain about them lol. I do not think this will happen with TADF, IMO they will be buying not selling. These guys have a plan and once we start seeing revenue from contracts it will be all she wrote and shares will be in high demand, so they might need a few extra laying around.