Aug. 19 at 12:01 PM
$RZLV really?
I’m not saying the company will do a reverse split.
However, one reason is to increase the stock price to exit the penny stock range, thereby opening the door to a larger institutional investor pool, many of whom have a minimum trading price floor.
Even a stock trading above this floor (typically 5 bucks but lower in some cases) sometimes do a reverse split to give the impression of stability. Investors typically see a higher stock price as more stable. GE did it a while back, for example.
That’s one big reason to do a RS, that isn’t related to any delist drama.
