Aug. 6 at 1:15 PM
$DRIO On the topic of reverse split. I believe the 180 day extension for compliance is 9/15. They should theoretically wait till the last minute to execute the R/S, unless they have high confidence the stock price is not go to reach
$1. If earnings sucks, then the R/S is basically a slam dunk. The EV of the company is probably around
$35M depending on how much cash they used this quarter. Considering they and twill have spent 100's of millions of dollars building their platform, the expectations for success are quite low. R/S will likely cause some selling and attract short traders even though it theoretically does not affect the valuation of the stock. It is darkest before dawn, but, of course, for some companies there is no dawn. GL for those few suffering longs that are still here.
