Correct but UBQU's CEO continues to issue convertible debenture notes and increasing the outstanding share count. He's been doing this since Inception. You have spoken to Craig Fisher, investor relations of the company right? I spoke with him for about 25 minutes several months ago and he informed me that that's what this particular company had to do to raise enough money to pay its vendors and to stay in business.
So it would make perfect sense that the CEO would reverse split the shares and keep the authorized share count the same so shares from the authorized can be issued into the newly lowered outstanding.
It's a never-ending death spiral.
Trust me, I'd love to take a position here this close to zero but you can clearly tell that's regardless of news, no one's valuing the shares at more than .0001/.0002
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