May. 19 at 2:21 PM
$ORIS oh okay another genius statement - so now all companies are 1:1 lmao
A company having authority for a reverse split and a company needing to use it immediately are two different things. Reaffirming the RS just preserves flexibility for Nasdaq compliance and future corporate actions. It doesn’t automatically mean dilution doom or that management has no other path. Plenty of companies keep RS authority on the table while pursuing acquisitions, LOIs, financing, or organic catalysts first.
And comparing every company 1:1 to WOK ignores that each situation has different float structures, market caps, timelines, and strategic goals. The point isn’t whether an RS is possible, I was wrong regardless of Nasdaq’s implications I guess because obviously it is. The question is whether ORIS can execute its broader strategy before needing to rely heavily on it. Big difference
