RE:RE:Reverse split 8 to 1 If it's like last year. They need majority and it doesn't mean he has to do it right away he has 1 year. He said his plan was to get to a certain SP level and do the r/s so the SP would qualify for the Nasdaq. There is no reason to do it now. He has funding for 1 year. The only reason would to be able to meet the min listing requirements to move. If he anticipates the SP getting to $0.50 or higher in the next year he can do the r/s and move to the Nasdaq.
VerifiedUser123 wrote: To confirm, they are now actually going ahead with the 8:1 reverse split? What is needed to pass 50% +1?