RE: Reverse split? Here are my brokers calculations of final left-over value.
As of June 30/12 , $42 million in assets ( almost all cash ) less $28 million in liabilities equals $14 million.
Add $5 million for the warrants plus $7.5 million for the Jevco cash leftover ( $530 less $0.75 times 697 m shares ).
Total is about $27 million or about $0.04 per share less any costs since June 30 for admin etc.
He figures about $25 million as of now.
A reverse split of 1 for 20 seems to be the intent.