With these "paper companies", a reverse split is a prelude to negative news and stock reaquisition by the company. Right now, the market cap for GLER is in the 200K range. They will want to get the market cap down under 10K. That type of a downward spiral is devastating to current shareholders, they will never regain their initial investment. However, people that dive in later may make a killing but it is a huge risk as many of these companies are simply abandoned. So, how can you tell a company post reverse split that will have a second life vs. one that is likely to be abandoned. Well, that is a trick. I will tell you that there are indications....
