AEZS r/s will be far greater than 1 for 8. Remember they have to maintain 10 days of bid over $1. At current level 1/8 doesn't make it. Last time they did a reverse split they immediately dropped ~19% (see post http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116977905 ). Last split was to get the pps up to $2.50. This would be a 1 for 40 at current pps if done again. After the last R/S it dropped about 30% within 10 trading days.
However, the issue is not the $1 min bid but gaining $25M market cap to get back up to Nasdaq $35M minimum.
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