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SAMNOTSAMUEL

01/19/19 3:55 PM

#47461 RE: Bond #47460

There are 3 reasons for a reverse split:

1) to regain Nasdaq and they absolutely can't with a market cap this low, and reverse splits tend to reduce market cap anyway in the short run

2) if shares are trading at tiny fractions of a penny, a reverse split would potentially if lucky bring a healthier more attractive price

3) if running out of authorized shares which could happen this year, but even then an alternative theoretically would be to just raise authorized share count to 50 billion shares, in that sense like a 50 to 1 reverse split. That would possibly just bring one back to option 2 of tiny fractions

So the short answer is regular dilution is the only valid topic for next few months along with enrollment and medivac/European revenue