RE:Post AGM I'm Staying LongCompletely Agree.
CEO and Chairman own ~5% total company.
If they had a reverse-split they would only own ~5% after.
They said there is no need for a raise, so if they don’t raise $ then they will be diluted to ~5%.
What is everyone talking about?
With or without a reverse-split the market value of the company needs to be driven higher.
If management can make this a $500 million company, then everyone will make the same amount of $$ regardless of a reverse-split.
Reasons to not do a reverse-split…. Unsophisticated investors want more shares (maybe they should split again so everyone will have double the shares)
Reasons to do a reverse-split:
Attract institutional investors
Up list on exchanges
Not being perceived as a little penny stock
What am I missing? The execution of the business is the most important thing, but easier to get the stock moving with a tight capital structure.