RE:By and large Tech, you said," Not sure about the reverse split part since he was also referring to shae price of 0.50 + so I don't quite know what he was talking about.."
I'm nost sure but my view is that with the minimum quantity, 10 for 1, that would get the SP to $5. zminimum zdp got Nasdaq has been bandied about in many different companies I've followed, but if $2 or $4 would be cover that requirement (if they have follow up "announcements " to solidify that price.
10/1 gives EDT 25-28M shares. I'm not sure why they would do a higher rate, like 15/1 or 20/1 as that is the highest number they gave in the prospectus, I believe.