Could not agree more. Past shareholders have paid a steep price. I bought and then witnessed 3-4 reverse splits(R/S).
I had probably 30 shares left after that, not even sure of the exact count, I am sure it was under a 100 shares. Did not look at GERS for a couple of years.
The last 8 months or so I have been following. I bought again, not a lot yet maybe only 300K shares.
Could we have another R/S - yes - do not deny that potential - that is why I am slow to add. Stacked up against the potential of GERS, I felt it was time to buy a little with profits from somewhere else.
I am watching how things play out and then I will get some more. I will pay more possibly but it is no longer "if" for me but "when"
Timing is everything now.
My opinion is GERS is a very high risk penny stock. Also believe that GERS has very high rewards possible - no bread and butter money will ever go to a stock in GER's current condition.