RE: RE: MMT now has B rating by Schwab Oullins, SEC and most use the term "penny stock" to refer to any stock less than $5, it used to be a $1.00 but they raised term to include >$5 stocks. That is why I find the Schwab rating significant, it is very rare to see a share price under $5 on any major investments firms recommended list.
It also points out the logic of a reverse split, if only to speed up process of being listed on a major exchange as they have a $5 limit, as do many institutional investors. Reverse splits seldom work when prices are significanbtly dropping but could enhance the value more quickly with a stock like this.
If some of the more optimistic posters are correct, the stock will reach $5 quickly anyway, barring any political misfortune or general overall market selloff.