If the Board did decide to go forward with the idea of a reverse split, it is highly unlikely that they would consider implementing it at these price levels.
Something north of $0.20, would make a lot more sense.
With only 47 million shares in the public float, it wouldn't necessarily take much buying pressure to reach that level in the not-to-distant future.
If day traders ever decided to put this one in play, it could fly.
Most of the stocks that they trade tend to have hundreds of million, if not billion share counts.
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