I agree with you after doing some DD about a potential RS.
You know, vs just thinking / hoping about it.
Reaching out to Geordan CEO, he said;
"We've made our intentions about wanting to be listed on a national exchange very well known in our filings etc. To accomplish that goal we have to continue to make progress cleaning up our balance sheet to make that dream a reality. Everything we do even though at the time it may not seem like it, is to position the company for the future."
IF they require an RS, they are only going to want to do it once.
I see the pps organically rising to $0.10 to $0.20 once catalyst news comes out.
At that point, I could see them executing the max RS approved by the board before they cancelled the plan for it. So 1:100 would put the pps at $10-$20 which would give them a lot of buffer to stay on the exchange they just uplisted to.
Also, looking at their competitor qualtircs. (stock symbol: XM).
Outstanding shares is around 90,000,000
Depending on BYOC's OS at the point they are ready, a 1:100 would put their SS in a similar boat as qualtrics.
NO ONE buying at these levels should have a problem with an RS at $0.10+ if it's done in order to uplist to a national exchange.