RE:Not in favour of a RSMy experience with reverse splits are all bad, but those experiences were releated to companies that were in a completely different situation than Valens. FDM is an example. Luckily for me I'd bailed on FDM, but I still watched the stock from time to time. Back about a year or so, it did a 10 to 1 consolidation. Before the consolidation, I think the stock price was down to a nickel, afterwards it was 50 cents. The number of issued shares went from 160 million to 16 million. Sounds like a wash, but like most poeple have commented, all that happened is the stock continued to fall after the consolidation, i think it went all the way down to 10-15 cents. Today, over a year later, the price is 30 cents, which in pre-consolidation terms means 3 cents. Miracle of miracles, the number of issued shares has somehow snuck back up to 70 million. Plus, what most people investing a couple of years ago didnt realize, is that this was the SECOND 10 to 1 consolidation that FDM had pulled off - they did the same thing back in 2015. So there's the classic example that puts fear into any long term inevstor. Someone holding a share from 2014 will have to see the stock price go up 100X just to break even, like that's going to happen.
Where Valens is concerned, I can tell you, I didnt like reading about a consolidation. I've been investied in this company since 2018. I was holding when we went over $4 and like many of the people on this board we've suffered through a long downtrend, so I wasnt thrilled when I read about a consolidation just when we're finally moving in the right direction. But in this company's case, I'm prepared to believe that any consolidation that's tied to a move to the Nasdaq MIGHT represent short-term pain for long-term gain, but I also think it might not represent any pain at all. I actually expect the value of my inbvestment will keep going up regardless of whether I'm holding 300,000 shares or 100,000 shares. There's too many good things going on, I like the way the company is being run, I like the moves they're making. Like many people have already commented, the fact that Green Roads took most of the payment for their compnay in stock, not cash, tells me everything I need to know.