It often is an indication of a company in trouble. Most R/S are not successful, but if a Company’s fundamentals are good, a r/s could be a good thing giving a company more visibility and attract institutional investors.
But if a company is trying to do a reverse split and it’s already financially unsound, moving to another trading level is not going to attract more buyers, but instead the price goes down after the r/s. And think about that with a 10 to 1 reverse split and you have a 10th of the shares you once had and now the price is plummeting.
If TLSS executes an r/s, I wouldn’t be as worried as I would with other companies because I see a path of big time future growth.
News 
Market Data 
Discover 
