the history with these types of stocks is that they will do a rs and the price will fall again unless they do a rs that brings the price to 2 or 3 dollars which screws the current holders as the price will never go high enough to get the gains everyone was hoping for at this current price. I will make my money elsewhere. I know this was a gamble and as long as I can get out before it hits .38 I will be fine.
They did not need to do a 7-1 to meet the 1.00 requirement, 3-1 would have been more than sufficient. That coupled with the fact that revenues dropped 12%, and operating expenses increased makes this a no brainer.
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