Sometimes a reverse can work
Vitesse Semi, after a couple of years of getting their books in order, did a 1:20 RS last July as part of their effort to get relisted on the NASDAQ.
The stock remained above the $5 RS price for a month, until a bad Q2 report drove the stock to sub-$3 (I did some buying then). Subsequent reports showed improving results, and the stock rose to about $5 by Feb 28, the day they announced they would relist with the NASDAQ on March 2.
VTSS is trading at $5.44 today.
If you get your problems fixed before implementing a reverse, it doesn't necessarily hurt the stock, and it allows it to trade more efficiently.
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