That was not because people were happy about the REVERSE SPLIT. That was a PUMP play from some MM's, or some other organized trading group to make a quick buck. The price would have settled back down to .20 very quickly and traded in that area. The .50 was a pump and dump.
Now that the chill has been lifted, how come the price hasn't just popped back up to .20 at least?
The stock traded $0.50 intra-day, up from $0.20, after the reverse.
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