At which point mgt will promptly cash out .0015 options for a profit for doing nothing? Or Heck, they plan on doing that once the new shares reflect the split. 4.5M(double the os now) at a nickel or so is good payday for not adjusting mgt options.
No, you're nott accounting for the 1 for 30 reverse split.
The current CUSIP ticker and quote is based on the PRE-RS share count, so you have to multiply the PPS by 30 to compare the PPS to the current post-RS float.
So the post-RS adjusted PPS is 30x the currently quoted PPS, because FINRA has nott yett processed the ES and assigned a new CUSIP.
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