Josh tried a reverse split (RS) when he first took over (1 for 7), but the DTCC would not allow it. Unless they solve their legal issues around the shares currently frozen at the DTCC, a reverse split is not likely to be allowed now either.
Josh didn't do anything about the frozen shares then because he didn't have the funds for the legal action. I don't see them having the funds now either so a RS is unlikely to happen.
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