<< the R/S is now baked into the pps and we’re still above .20. >>
To some extent, you are correct. But it can't be totally baked in, since the details of the reverse split haven't been announced yet (1:10, 1:20, 1:30, 1:40). If the RS is on the high end (1:30 or 1:40), then the share price will drop further. In addition, the timing of the reverse split will also be important. If they don't set the date for the RS until late in the fall, then the uplisting won't be possible this year (and will need to wait until the Spring), and the price will drop accordingly.
There also might be some other surprises in the fine print (as usual).
<< ... it seems like something is holding us back from going like a rocket in terms of production. >>
That would be Kim. I believe that he has been dragging this out as long as possible because he knows that they aren't ready to "scale and sale" yet. After all, they can't even produce 100 kilos of silk for the Army (for $900K). But Kim gets paid regardless.
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