"NSAV does not see a reverse split as a viable option for us for the foreseeable future in the upcoming year," he said.
Mr. Baritz continued, "We recognize the challenges that we have, and I feel that our best strategy would incorporate a policy of returning equity to the company by using various merger and acquisition opportunities that we are currently entertaining to create revenue and profits for NSAV, in lieu of a restructuring model via a reverse split of the current share structure.
Although NSAV would always reserve the right to include a reverse split as an available option, its use would only be used if all other options and resources were exhausted," Baritz said.
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