RE: you Its really rather obvious isnt it?
The sooner they announce it the sooner existing shareholders can determine the low. Is it .05 or .04 or worse? If it goes below .05 one has to wonder about 10 for 1 roll backs. In which case everyone is screwed. Say they roll it back when it is at .05. You would think it comes back at .50?
I would think they would be lucky to see at .20 bid even with a 10 for 1 when the last trade is .05 before it rolls back.
In other words be careful here.