I don't see a big squeeze anytime soon! If that were the case we wouldn't have 20% of the shares short right now, I could see it causing some of the longs to jump out and further reason for the shorts to continue!
Pretty sad when the company has more in cash at its worst financial moment than market cap of all shares, including 20% short shares!
Now if the company were to reduce the A/S in proportion to the r/s may be a little different story, but telling averting they could own 1/10 the shares they currently do and get diluted up to 240+ million shares? How is that going to create demand?
The company may not reverse, but have an escape route just in case the pls doesn't rise, but until end of year I see no upside without a buyout offer or massive insider buying -in both of which could keep the reverse split from even needed to be debated
