The reverse split is months away. By then the price could jump.
However, a reverse split can be 2, 5, 10, 100, or even a 1000 for
1. Companies on the OTC that have a reverse split almost NEVER
retain any value and end up right back down here trading like the
stinky pinky they are.
Can ACLP be different? Sure it can. However, two things are
happening right now. ACLP is clearing its books of most or all
debt, which means dilution. And retail confidence is down since
there is a reverse split coming in a few months.
MMs are not holding this down. It's the retail stacking the ask
and dumping on the bid for 1-2 ticks. If MMs were holding this
down, why waste their time buying/manipulating shares in this
price range when they could take it to 0001 in a matter of seconds
and keep it there?
