Hodler9
Oct 7, 1:28 PM
$RCT there is still plenty of time between now and the meeting, as well as the proposed RS date of November 13th — more than a month.
Between now and then, they have to appeal for the 180-day extension and come up with a plan, especially regarding the even greater concern of retracing the
$35M MVLS. They are going to do everything they can to reach that goal.
Therefore, it would make the most sense for them to execute the RS when the stock price has already reached around
$0.50–
$0.60, giving them more room to work with. Otherwise, if a 20:1 split happens down here, the odds of holding above that significant
$35M market-cap level look really, really bad.
That being said, I honestly believe there will — and probably has to be — a pump before the split, and I think there is some reasoning behind the stretched-out timeline.
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