Jan. 30 at 12:37 AM
$RLYB R/S is happening Feb 6 (latest possible date) and for only 1:8 split, reducing our OS from 42m to 5.25m shares. Data is more than a month behind schedule so the likely outcomes are now as follows (from most likely to least IMO):
1). Good data drop w/ concurrent PIPE financing announcement --> company continues stand alone --> stock explodes
2). Good data drop, stock trades much higher and they announce offering AH to raise money --> company continues stand alone --> stock trades higher
3). Buyout / asset sale. Still on the table even with upcoming split if terms of deal couldn't be finalized before Feb 6. Split would then have to happen just to keep us listed on NASDAQ until terms finalized --> stock EXPLODES
4). Reverse merger --> depending on terms of deal could trade sideways or x2+ based on previous similar RM's I've been involved in lately (BRNS, VYNE, etc).
5). Bad data, announce strategic alternatives --> stock maintains based on cash position and strat alt annoucement.
