When a reverse is done for the right reasons, it's perfectly fine. This one is being done for the right reasons. No sense in comparing this to other companies. Good company with an undervalued stock looking to uplist to nasdaq or AMEX while making itself more attractive to a broader range of investors- particularly institutions and those who won't buy stocks under $1 or $5. The stock can be recommended by brokerages and such in the future whereas trading under $1 won't cut it if you want to attract a lot of investors.
I'm perfectly fine with reverse as this is the start of a newly traded security to come that will trade on a large, national exchange.
The stock is way undervalued so it should perform just fine. We will be over $100M in revenue very shortly with profit margins expanding nicely.
Good luck to the institution that was forced to liquidate just as the company is about to break out to new sales highs and such.
With only 4M shares outstanding, a market cap that is a fraction of sales, expanding margins, and a plan to really accelerate growth with both supply chain and HTS in particular, we should be just fine. Math is math and a reverse for a company like this makes total sense. This is an established company; not to be confused with developmental companies that use reverse splits for other senseless reasons. This reverse is the right decision for a company on the move to New heights.
Good luck to all! We deserve to be trading on a real exchange at much higher valuations.
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