I am sure they wish they could go back and have a higher limit. This recent reverse split was useless as they never got removed from the Nasdaq noncompliance list because they were so close to $1 and dropping when it was done. Now Michery has to do another one and will likely meet or exceed the 1 for 250 limit such that if he goes below $1 again he won’t get a grace period.
I think that getting dropped from Nasdaq is a given, only a question of when.
And of course, that will make raising money extremely expensive…and he is in a capital intensive business.
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