Thanks for sharing your always well-informed thoughts, Robear. Let me add that it would strongly behoove Vu1 to get their share price as high as possible before undergoing a reverse stock split, so if they have any good news in the works--and Blackstone said as much during his presentation, regarding a sales agreement--we can expect to see that announcement before the reverse stock split.
I'm sure Vu1 doesn't want to decrease the number of shares any more then they have to, but it will have to be enough to put their share price well above $4.00 in order to qualify for NASDAQ listing and to give them plenty of room for share price fluctuations. They certainly don't want to be listed only to have their share price drop below NASDAQ requirements and, after an embarrassing warning, be de-listed.
I would expect to see them get their share price to at least above $6.00. So, for example, if they were to get their share price up to $0.50 before the split, announcing a deal with a major retailer, then they could do a 1 for 12 reverse stock split and the share price would be at $6.00.
