Positron Corporation (POSC)

[bpatient]

There are no rules restricting/guiding the timing of news release. Penny stocks are the Wild West. Just be prepared to lose.
A reverse split now would result in a share price of $0.30. Serious investors couldn't even look at this if they wanted to at that price level, and the stock price would continue its' decline.
It is much more likely for the share price to hit $0.05 from current levels with the announcement of financing, than to climb to $5 from $0.30 with any series of news events. Positron's goal is to produce a share price that is attractive to serious investors.