Will everyone chill out over the discussion of R/S. A small R/S is likely and it will only help the shareholders here. Reverse splits are not always a bad thing if done reasonably. I think a 3/1 -5/1 type split would be wise.
Lets say we are trading at .10, the split takes us to say .40 and then they include an uplisting and Boom we head to $10 in the blink of an eye!
Chill out and lets try to keep it real...
They don't have to do a R/S, they could retire shares or convert shares into preferreds or do nothing to the S/S at all. But any smart investor looking at this has to figure they will want to reduce the float in some way shape or form. They are going public to raise equity, just like every other company in the world...
We are discussing all possibilities and the reality is no new company really wants 120 million shares floating around that they did not receive the equity from...
I'm very long and probably done buying, this is an honest opinion from an honest trader!
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