Whatever happens, IFON needs fresh capital to continue. That's either complete the software services plan and market it, or develop and market a new hardware penetration plan + new products and market that. Basically expect fresh equity to hit the market.
Since fresh capital is needed, I don't believe IFON can avoid a R/S. It'll have the impact of bringing the stock to a higher level 10:1 = ~$4-5 / share based on current prices. There'll be a fall back in value post-split, but IFON will still be a NASDAQ stock.
I have an idea for the company that would really improve its fortunes, short + long-term.
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