Reverse Split
The only reason ELD would need for a reverse split is to hold its listing on the NYSX. Logic would lead one to believes that in ELD's estimate, there is a significant chance that Greek permits will not be issued until after the elections in 2019. Thus the need for the right to institute a reverse split when the NYSX comes calling and the Greek permits haven't been issued. There appears to be a lot of bad blood between the current government and ELD so the probability of permits is less than 50/50 in my estimation. If I'm right, absent good news on some other front, ELD's SP will drift downward toward the $0.80 U.S. level and stay there until there's an indication that the party that's going to win the Greek elections if in favor of grant ELD's permits. I'm holding on to what I've got and will buy more if the SP drops into the low $0.80 U.S. range. GLTA