BSI... thank you for taking the time to take the concept of a reverse split out of the shorthand we so often read about here, and usually by the same posters, and explain it in more detail.
I thought these two sentences described the practicality of a r/s quite perfectly.
We all know that 2/10 = 20/100 = 200/1000 are all equal fractions. They all equal 20%.
when you forward split or reverse split, you're just changing how to express that fraction. It's a different mathematical expression, that is the same in all cases.
Ahistoricity is worse than innumeracy. NWBO uplisted before and in the long run it made things far worse.
If NWBO leadership behaves like they are running a penny stock then potential investors will correctly continue to value and treat them accordingly, whether or not they are listed on a major exchange.
Unless NWBO is willing to clearly admit their mistakes and then concretely and consistently make real reforms to their corporate governance and business model to better protect shareholder value, there is no point in enduring an reverse split to earn an advantage (being on the NASDAQ) which we all saw them squander in slow motion even as many of us begged them to stop.
NWBO needs to increase its share price legitimately (as Les Goldman once suppposedly said they would do) and not via cheap and unsustainable mathematical tricks.
R/S will suck and nwbo knows it which is why they are trying to avoid it , if and when they reverse it will be because p3 failed and they will be sub .01... for now it aint hsppening