What year did Intuitive Surgical do a reverse split?? Must of been many years ago. What a investment that has been. The RS will be valuable if they prove that their beast cancer test can be commercialized and it takes the price to an amount that will attract real money. (Funds) A covid 19 fda approval near term would definitely help out. They need to show promise of bringing in some revenue. Timing is everything at this point. A new technology for cancer diagnosis comes along or a competitor develops something better they are toast.
Reverse splits are perceived as bad because so many sham companies in OTC land issue so much toxic dilutive debt that they need to “reset” a higher price so they can just do it all over again. Rinse and repeat.
Doesn’t seem to be the case here with goal of uplisting to Nasdaq. You need a higher price to attract the big money.
Also, OTC stocks that are foreign issues (“F”) generally have a lot more credibility in my experience.
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