RE:RE:RE:RE:RE:RE:GPRrrrrrrrrrr greendayyyy, most inexperienced investors will never understand how a reverse split could be a good thing. They see scam stocks all the time that print endless quantities of shares and do multiple reverse splits, and they conclude that reverse splits must be bad. They cannot grasp the fact that bad stocks go down because they are bad companies with bad management and a bad business plan, so reverse splits are inevitable.
When you actually have a viable, profitable company, a high share count and a low stock price is bad for investors. A low stock price discourages long term investors and attracts penny stock flippers. Encouraging penny stock flippers also encourages manipulation.
With a 1:5 reverse split, this would probably be a $7.50 to $10 stock. It would be able to attract long term and institutional investors, and the manipulation would end.
The investing newbies just do not get it.