Next round of funding, which they will desperately need soon, probably comes post split - if at all.
Thats my guess, anyway. Why risk new $$ without first RS, pushing the price back down and diluting the daylights out of investors transferring a larger chunk of ownership to the new $$.
The current convertible note holders, warrants, preferred will go along for the ride as they all have antidilution protection
The only bag holders will be public shareholders
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