RE:Reverse Split is coming... Davinator, you can't be serious. No one does a reverse split when their shares are 68 cents and brutally undervalued.
Presumably, such an action would be for the purposes of getting on The NASDAQ. You have to understand that membership is not instantaneous.
And even if they did an 8 or 10 RS, (which would be asinine) we would still fail to meet several financial requirements for at least three years. For one thing, you can't have a net loss in your previous 3 years. So we are three years in the hole already.
You also have to maintain a cash flow of 27.5 million for the previous 3 fiscal years. We have yet to do that so we are starting at year one.
And finally, after the split would also have to maintain your reverse split price for a full year on the TSX. Some bad market trends, a down quarter or some targeted manipulation by Evolv and company and we could be down 20% or more in a couple of months. Then the clock starts again.
If you want to delve into conspiracy theories, there is much more chance of a buyout than a reverse split when we are languishing at 68 cents!