RE:RE:RE:RE:Reverse Split is coming... Studies peg reverse split success rates at 29%. You want to roll the dice on those odds.
It is the universal sign of distress in a stock.
For argument's sake, let's say we RS to $7. We would have to stay at $7 or higher for ONE FULL YEAR on the TSX.
If our share price is still dropping as a penny stock, despite all this good news, how on earth do you think we will maintain it at $7?
You think shorters will back off just because the price is higher? They will just buy in smaller batches. And there will be more shorters. Heck, I would short a stock under those circumstances.
And Evolv has deep enough pockets to play that game. All they need to do is drop the SP a few cents.