If Benny is reading these messages (I am sure he is...) REDG is a diamond in the rough. I highly recommend Benny to do a reverse split (1 for 50) and apply for Nasdaq small cap listing.
Since the company is profitable and clean balance sheet I dont see any reason not to get approved when the price is a dollar.
I am not sure why the A/S is at 1 billion if the company has no intention to dilute. May be that is what scaring the investors. When R/S is done reduce AS accordingly.
When we move to bigger exchange these shorties run away as big institutions notice this little gem.
that's the only way I see the SP increase if Benny and company is serious about returns to the investors.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.