Jul. 3 at 2:01 AM
$MVIS IF I were to consider a reverse split working out, potentially, this is how I would see it.
Do the split at 5:1 only. With a 350M o/s (which will be close soon) that would reduce it to 70M. That is not bad.
And let the price appreciate to at least .50 so after execution it becomes
$2.50.
Then we would have a 70M o/s and a
$2.50 post r/s.
But THEN it would have to be supported with a ton on PRs immediately after. PRs with significant potential and possibly revenue attached to it. The share price could not only be sustained at 2.5 but it would start surging due to the lower float AND news and heavy shorting. Although I'm not sure if the shorts would retain their positions post r/s. But if they do, a squeeze could happen. But again, it would have to be sustained by news upon news.
So we could potentially go from 2.50 to 10 relatively quickly and then 20. And with only 5:1 post split shares current shareholders might still benefit. Not as big as hoped but still, ok. Maybe.
