Well I understand that...but I don't see the need for a reverse split just to price the stock above $1/share. Because I went through this same senerio with CEMI...I know the route they took. When I bought their stock...my average was $.11/share. Their stock was on the pink sheet exchange...even though Chembio was fully reporting and profitable. Over time their stock moved up $.53/share...which is what we all are looking for as investors. At that time they were ready for the Nasdaq...except for their share price. So...they did a 1 for 8 RS and the price opened at $4.24/share. As of today it's around $5.60 and rising yearly.
Another tip VirTra could take from Chembio is...they always hold a quarterly conference call after earnings. They did this before they made it to the Nasdaq too. A CC after earnings gives management a platform to discuss all aspects of the company...past, present and future. In fact VirTra is one of a few stocks that I own that doesn't do this. Most times...I won't even invest in a company that doesn't do conference calls with earnings. It is an awesome opportunity for investors to get to know management's vision for the company...for better or worse.
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