Talk about rambling! LOL
First off, this is wrong. I just explained and you agreed that the low outstanding count brought on by the rs makes for great swing / day trades. It's just a myth the whole reverse split for NASDAQ compliance thing. The rs does a few things; it can clean up the books for a buyout or some other event like a reverse merge or becoming a shell. It can loosen retail shares by making them scream Uncle! Or it can create legacy shareholders just waiting to break even one day. And, never forget it provides management with a fresh start and do over with a revised charter.
"Here is my first hint to help you out........... If they didn't care if they went to the OTC or not, then logically they would NOT have done the RS. "
They could move to the OTC for a number of reasons. The usual explanation is that it will save money. The other is less emphasis on governance. Another would be it's easier to short.
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