The question is, if the dropped the reverse split, wouldn't the share price run to over $1 saving the need for doing it. I believe it would, and it might very well do it if they lose the reverse split vote.
This would not be the first time I've seen investors turn down a reverse split, but I don't know how many shares management has control of. In some companies management has sufficient control that votes are just a formality they must go through. I don't know what the case is here, anyone care to comment.
Gary
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