I think many of us had high hopes for INTV. The reverse split was a kiss of death. Always has been. Always will be. Without the reverse split, the share price would be somewhere near $10+ in today's post split pricing equivalence. That is with no news different that before the reverse split.
What I can't figure out is, did Steve just get bad business advice from someone? or did he get greedy and do this for the preferred/convertible shares for himself?