Jul. 16 at 9:54 PM
$VIVK Here is my take: considering the 20-to-1 ratio, the CEO likely believes the current share price needs to be at least
$0.19–
$0.20 for the opening price to hit
$4 after the reverse split.
Otherwise, the price could drop, potentially forcing the company into another reverse split down the line. The stock is holding within that range, but why isn't it rising further? The reason is simple.
For shareholders sitting on heavy losses to exit,
someone needs to step in and buy those shares... so the CEO is intentionally keeping the price low.
In short, the CEO of this company is trash.
