RE:RE:RE:Shareholder ValueI agree the timing without recent bought deals and the atm, plus the application to list on the nasdaq. With 762m+ outstanding shares a reverse split was inevitable to qualify for up listing to nasdaq which I wasn’t fan of either. But with nasdaq or no nasdaq it was bound to happen sooner than later.
Also has been mentioned here numerous times sp would remain around .26 - .32 ish with recent bought deal. Optimal maybe not but in this sector it is what it is and investors that bought at the peak and didn’t average down can’t blame the company if they lost money. Invest at your own risk and what you can afford to lose plain and simple. It’s pretty much reiterated over and over again on these forums.
tl/dr: We could of waited for organic growth ( remember nasdaq application ) but with the o/s min a reverse split was going to happen which would of left a sour note to investors.
Oh and warrants ( as has always been the case ) should be transferred over at same ratio. I’m holding good amount of warrants and plan to hold longer. Jmo but another perspective.