To get to a new board, yes I would say go ahead. I also said that we would need sustainable cash flows in any case. Which by default would mean contracts and a decent set of financials. A reverse split as a tool to get to a bigger board is just semantics. There is an expense of course but they are going to have to spend that money anyway to meet the goal laid out for the Asian investor.
Organovo is a great example. Shareholders didn't lose their minds and sell. The potential in the company didn't change. If you didn't panic and held your shares at the time you saw fewer shares but the same market value. It has lost value recently but that had nothing to do with a reverse split.
Your percentage of the company does not go down with a reverse split. There are more requirements for uplisting other than the share price. If all the other boxes are checked and share price is the last box needed, I would say go ahead. What is the great advantage of sitting here in the pinks.
I hate to tell you, but six figures in this stock is a small retail investor. Whether you're buying $500 of $0.12 stock or $500 of $3.00 stock is irrelevant. You still own the same percentage of the company and still pay the same price for it.
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