Let me explain what a reverse stock split does for this company:
1) There are mutual fund managers that cannot buy OTC stocks, so uplisting to the NASDAQ will be required if LLEG is to remain a publicly traded company and get the recognition it deserves.
2) These same mutual find managers cannot buy stocks that are lower than a curtain price. It depends on the mutual fund, some microcap can go lower, but small cap mutual funds managers cannot buy any stock under $2-$3 per share. In order to get our Price Per Share up we need to slash the number of shares to get the price up to their buying radar.
3) Reverse splitting will help the illusion of better earnings: let me explain this one. If LLEG has 3billion shares (YES I calculate on full dilution, like everyone should) and let’s say we are earning .055 per share on 3billion. Let’s say we reduce the number of shares with a 1-for-10 reverse split. Now we are earning .55 on a full dilution basis. . . . . SO now you are saying "where is the illusion?" .... When reporting your numbers you only include 2 decimals in your report. So when we were at 3billion A/S we would report earnings as .05 per share and the last 5 does not show up. But move the decimal point over and now the 5 comes into play and we are now at .55. We just increased earnings by 10% . . . . I hope I explained that right.
Market Data 
Markets 
AI
