You are correct in your assessment , as that is precisely what happened.
Isn't it a shame that whoever writes their X tweets, needs to do so in a reactionary way to the commentary on what I would consider to be a fairly obscure message board, instead of just being more transparent in fielding the most basic of shareholder concerns as shareholders reach out to the company?
Why hasn't anyone issued a statement reiterating the fact that, under Lamb's control as incoming CEO, there will not be a reverse stock split?
Market Data 
Markets 
