RS is Red Flag here, because most shareholders with millions of shares will sell as soon the RS would be announced and price would go to the trips in a few hours. Believe me, it happened to me many times and it never worked with penny stocks. Btw. I'm doing penny stocks since 1996 so I know what I'm talking about from experience... Long & strong SNEY GLTY and all, Claude Alain
Then what do we do next month? Another RS? A drop to pinks will be enforced at any point in the future if for 30 consecutive days the bid is below a penny. So, every 30 days we would have to do an RS. Sounds like a bad idea to me.