Reverse split or not......MidgetWhacker - To be candid, I've ventured into the unknown by speculating in my last post that a reverse split won't be used and, I might well have to take that back.
I'm not aware of whether the decision for a RS would go to vote for shareholders. The issue for me is that we've seen some messy & unproductive RS (e.g. Bell International & Nortel).
The principal positive big difference here with Bombardier is their modern products with good demand combined with strong management should pull this company forward. The key here is for management to continue to execute and perform as expected.
As for potential spin-offs, you do bring up another important potential positive development.
After more thought, I also do realize that no RS could result in negative implications. I've even previously clearly stated the institutional side won't touch stocks under $10.
It's called talking out of your (my) as7!