Jun. 9 at 4:50 PM
$RMTI Friday June 12 2026, shareholders will vote to authorize RMTI to execute another reverse split. This authoriziation does not mean that RMTI will absolutely execute another RS. It simply gives the company authorization to execute. Additionally, if shareholders to approve the authorization, there is currently no RS ratio established.
It is reasonable to expect that this authorization will be approved.
I believe it is also reasonable to expect that, once approved, RMTI will execute the RS and I belive that is in the best interest of the company and its shareholders.
Would any of the few people still watching RMTI care to offer an estimate as to the RS ratio that shareholders can expect to see.
My estimate of the RS ratio is 1-5. If so, this would bring PPS to around
$3.50 (at least momentarily). The float would then be around 8 million shares at that point. As RMTI is not profitable, it is likely that after the RS, the company will dilute in order to fund any growth and acquisitions.
