The worry people have with the RS is that it will be used to set up a MASSIVE dilution to raise that money (luckily the low market cap could make this unfeasible and their partners who need GTCB to survive will provide the funding they need).
Thats why I'd be very happy to hear they have abandoned the reverse split... as that likely signals the abandonment of the dilution plan and their partners will have to cough up.
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