Phoenix & All,
I think that a 1:100 reverse split would be a complete, and utter/total disaster. I don’t want to see, or even hear about any kind of reverse split like that. But, if a split did happen the only one that might work would be a 1:5 after this company is making good revenues, and I mean, “RALLY GOOD” revenues way down the road, and the pps has moved above $1.00. Only in that case to get the company listed on the NASDAQ quicker might be OK……..(????????)
But, on the other hand, why do that if the momentum is that good. NeoMedia will probably be on the NASDAQ anyway. Usually new investors don’t like to buy into a company that just did a reverse split. They see it as unstable, and the pps will finally wind up in an out of control tail-spin.
So here’s the bottom line on this issue. A reverse split in my opinion is never a good idea, and no matter which way you look at it, it’s always a……………...”SIGN OF WEAKNESS”!!!!