I'm NEVER "bullish" about a reverse split. In my experience they are almost always disasters for investors.
Again I say, a R/S has been announced "officially" as one of the agreed terms for the reverse merger between PLPL and EV Hotel to take place.
Naturally Ken Patel wants a clean ticker... one without debts or liabilities AND without the obligation to share HIS profits to those who were unlucky enough to buy shares prior to him taking over.
Tad and Ken have announced what's coming. The stock fell -67% on the news on massive volume. Then today it crept back up 17% because of the notion that current bagholders can pressure them into saying "never mind" ???
Like I said... I believe they want all investors to pack up your bag of 6's and 7's and take the last train to Clarksville. They've officially and legally "served notice." Whether PLPL creeps up a bit more before the R/S is anyone's guess. As of now it's a game of musical chairs waiting for the music to stop. Don't expect a 3 day warning of when it will happen. People usually discover a R/S has been executed when they wake up and check their accounts. By then it's too late and a race for the exit ensues.
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