Yeah, you missed the earlier bit about why they even considered the RS in the first place. Of course it's not taken off the table. But he made clear that current circumstances indicate that RS not needed NOW.
That was the big question. Is RS coming? No, it is not. It is not needed and probably won't be. Yes, probably, but that is what we all invest on. Probably's, Likely's, Maybe's. Nothing is certain ever.
He says that he wants larger investors in future . For larger investors to buy any stock it is usually accepted that you need to be over $5. To get there at some point a reverse split is a GOOD business move. Reverse splits are only bad when it is is followed by dilution but is not bad when a growing company uses it to grow faster, thereby subsequently helping current investors by exposing stock to new buyers. This in turn makes the stock go up further than it could have at the lower price before the reverse split.
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