On what basis? Typically in the OTC world (Where most of the reverse splits happen) it is because of either some sort of acquistion/merger (can be positive) or continued dilution (would be devastating). The company has already committed to continued dilution. Wth no mergers or acquistions (no, not even LITV which has not been acquired by GZFX) I believe the latter is the effect. If in fact a reverse split is even hinted in the summer, The investors who buy even now, including myself are in serious trouble.
Wick you are absolutely on the money for this to reverse split this year. I don't see anything that could turn this around anytime soon. The R/S will be sold into by the company and take this down 50% or more within the first week of the split while the company sells millions if not billions of shares to continue to keep the lights on. This company and it's officers make me ill. No offense to the any loyal longs, just bummed that the company never followed through. Nice shaft to the shareholders, not like JF didn't warn us though. Joe