RE:Reverse split is inevitable here. This co is junk at bestYou can always count on the trolls for this line.
"Oh they just need to do a reverse split, THEN they'll be able to get a loan".
Finance 101 people. Reverse splits do not change the market cap of a company one iota. Trevali is currently worth roughly $85M - $0.1 * 850M shares.
Say they did a 1:10 reverse split like youre suggesting. That would indeed bring the share price up to $1.
Guess what the market cap of said company would be? Shockingly, it would STILL be $85M!
Can you guess how much money they'd be able to raise in that situation? I'll give you a hint: the same amount they could do today.
Do you think that fund managers and banks are stupid? They are well aware of market caps and valuations. They won't be fooled by financial magic.