Not at all. when someone takes over a ticker with a history of repeated reverse splits, it is a pretty sure sign that they have no objection to reverse splits themselves. There are plenty of other tickers/shells out there, for slightly more money, that have no RS history. Past reverse splits often leave a lot of baggage, making it nearly impossible to become fully reporting or up list. another indication that the "new" company has no intention other than to print and sell shares.
Time will tell, but IMO, PHAR has little choice but to RS or raise the AS dramatically.
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