If needed to do so, raising the AS is in the best
Post# of 9964
Based on the history of OTC stocks, the current financial condition of Marani Brands would not support a mechanically elevated stock price at this time. If they were to initiate a RS the pps would once again plummet, thereby devastating shareholders. Only ones wanting an RS at this time are individuals/ predatory entities wanting to short the stock after a possible initial post RS small run.
I've seen it happen over and over again on the OTC. After a few weeks/months the price declines once again below the minimum where companies qualify for being listed on a higher exchange, and below the pps in which institutional investors would be interested. Company is back to square one and shareholders are holding a smaller piece of the pie.
Conclusion, when revenues/income increase to the point that they can sustain operations, that is the optimum time for a company to consider a reverse stock split...
Chewie
Note; My comments in this posting are just "opinions," Please make your own investment decisions. Happy trading, and best of luck to you with achieving prosperity.