Reverse split is a no brainer. Stocks generally trade at higher multiples on NAS v’s AMEX. Management own 38% diluted so they will RS.
By reducing OS, the number of overhang conversions, holding this back will be reduced, however I don’t think the trading volume will reduce by an equivalent amount. Get the share price up and it becomes buyable by larger institutions, more marginable and more optionable.
This will only continue to be flipped by retail as long as the price stays near penny stock like now and won’t see nearly so much institutional interest until it trades at a higher price.
EPS growth should be 40% minimum this year, get this listed on NAS at $9 and a rise to $15 could even see this in IBD100, if it runs the hoops of the other black box criteria.
There is no difference between $2.2 & 63c EPS diluted and $8.8 & $2.52.
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