RE:RE:Reverse split = smart Yes, unfortunately penny stock investors tend to be the bottom of the barrel in the investing world. Professional investors would never touch this stuff.
This stock has not had too much dilution, but it has not had very much success either. In 2010, the stock price was US$.26 and it had 255M shares. Here we are 14 years later, and we have a stock price of US$.12 and 348M shares. A loss of 50% over 14 years does not exactly indicate a high-quality company. Gold was $1300 in 2010, so the price of gold is not the reason for the failure.
A self-respecting investor could have just bought the SPY and been up 500% during that time.