While there is no doubt reverse splits as a whole prove to result in a negative disposition, one needs to evaluate the reasoning as there are successful outcomes. Mainly, is the sole purpose to maintain listing on a stock exchange? Not in GAHC’s scenario
They are completing the purchase of their primary revenue provider, Elections Services Solutions LLC. In addition it “opens up numerous possibilities for GES’ growth in 2019 once it completes the full acquisition of Election Services Solutions LLC” - Mathews
I, for one, believes it makes good business sense
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