Problem is, if they do a reverse split, they can further dilute, people lose confidence, people sell, usually under most circumstances especially like these, it never ends good...
There is an appropriate time to reverse split... This is not one of those...
Or is it...
It may actually be... But investors will see it as being pissed all over and will burn bridges... And for awhile to come, only the naive will invest with a company that just pissed on its investors...
But Franky might be able to pull it off... He'll piss everyone off doing so, and I am sure investors will dump this... But if the fundamentals behind the company improve or rumors currently believed as lies by many are actually true... Then Franky could potentially pull this share price up despite the fact... Where there is money to be made, there is forgiveness... Right or wrong, just a fact of life...
That said, think of all those invested here, not just shareholders like you or I, but people like partnerships, etc... Any firm or if Franky gave shares to the Canoe Pool people... There is a great deal worth of pissing the wrong people off written all over a reverse split here... The fact Franky has history diluting only means any proportional increase in share price to the share reduction per the reverse split, just means the stock can be further diluted and the actual share value watered down further...
But if he is mining now and adding revenue to the bottom line (which so far no quarterly report shows positive revenue that I've seen so far, ignoring the yield sign), then investors just might forgive and forget...
I don't think highly of Franky or his situation here...
News 
Market Data 
Discover 
AI
