We went out to dinner last night and that gave me time to drink about this reverse split. I did some research on reverse splits and even though it was not all good news it is what it is. This is some for what I found.

With many major companies trading in the single digits, reverse splits may be necessary to boost stock prices back up to a level at which they don't look like penny stocks. By themselves, splits shouldn't make any real difference. Whether regular or reverse, a split simply changes the number of shares outstanding.

A reverse stock split has no inherent effect on the company's value, so the company's total market capitalization is the same after the reverse split. The company has fewer outstanding shares, but the share price increases in direct proportion to the reverse stock split.

companies will affect a reverse stock split so that their shares trade higher, with the intention of making them more attractive to mainstream investors and/or to ease the way to listing on a national exchange. Financial performance ultimately determines value and price in the long run.

GO RMHB,

Cheers