Uh oh… hot take time?
I’ll probably be downvoted for this opinion but am I the only one that doesn’t really care about RS? I just want whatever the company thinks is right to keep them afloat in the long run. I don’t care about perception and I don’t care about short term. If you’re a bag holder and you don’t want a reverse stock split to protect your portfolio, then maybe your head is in the wrong space.
After their last earnings, I sold everything because after waiting for 3 years to see any kind of progress monetarily, I saw no progress at all. If they ain’t making money, then I sure as hell ain’t making money either holding a bag. They use the stock market how a company is supposed to, to keep the company afloat with cash flow. I just talking about investing 101 at this point but still. If a reverse stock split means a difference between being able to function as a company and going broke, then the RS is the way to go.