I do believe if the RS goes through it is a positive thing in this case. This will only set them up to be able to uplist to a higher exchange like NASDAQ.
But the common thing being taught out there is that all RS's are bad. So, we will see a lot of ups and downs until everything is revealed of the overall plan.
Honestly thought this was a long term hold but I’m just going to play the averages here. Never had good lucky with an rs or holding for further dilution thereafter.
Its all a calculated risk. What are the odds that they will do a RS in the near future? Frankly we don't know but I'm guessing it's 50/50. If an RS is announced what are the odds that the stock price will tank before the RS? Seems like 90% to me. And then, what are the odds that the stock price tanks further immediately after the RS? 90% again. This is all behavior that I have seen many times before. It's true that occasionally a RS goes through smoothly and the damage is not great and then it's all happy sailing from there, but the odds are against it. I think the best time to buy more is going to be after this tanks from a RS and i'm sitting tight until then