Plus it will catapult us into the NASDAQ where the big fish play. Let's go fishing...shrimping!
Access to debt loans emerges bringing competition to equity lenders who then must make better deals especially if they have a keen eye on the company and want to take at least a 10% stake.
Strongly suggest you read the seminal paper that is literally carried in every top grad finance class in top universities. This paper dealt with first rate companies only, and states such in the introduction. Those like you mention had already been weeded out by Rosenfeld / Klein. Their work was strictly a share price analysis of a reverse split decision by legitimate companies deciding if raising their price artificially was a good one for shareholders. Even factoring the "reason" often given by company CFOs, (that being a higher price can get more institutional buying) ... Rosenfeld calls reverse splits as shareholder "poison".
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