If there's one positive aspect of that, it's that at least they aren't promoting themselves just to sell shares. They haven't had to dilute in two years.
IMO a reasonable ratio would be from 1 for 10 to 1 for 25 and then raising approx 5 million in capital.
Their last attempt 1 for 100 was absurd...and had no chance to pass. If they do want a reverse split I want three things in return from them. Quarterly conference calls, attend at least two small/microcap conferences per year and promote insider/employee stock purchases.
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