Let me try to put your fear to rest.
Those talking a reverse split either don't know what they own or they want to buy cheaper shares. Here is a not so quick summary.
Yes reverse splits are bad for 99% of penny stocks, anyone around long knows that. BUT realize most R/S are done at .0001 or .0002, some times a little more, and only serve one purpose, the CEO's pocket book. Now there are a few R/S done at much higher prices, and done to get the company (OTC traded), stock price up to the minimum level for an Up List to Nasdaq, that is $2, $3 or $4 depending on the level approved by Nasdaq. That is reason Nasdaq requires OTC stocks wanting to Up List to trade OTC for 5 days with a minimum close at one of those prices. The $4 level is two days minimum close above $4.
Now, and this understanding separates the "know your stock" from just wanting a better price to buy. It is very simple, EVERY other OTC penny stock wanting to Up List, is current/fully reporting at the time they want to Up List. The "market" knows every thing about the company, financials, press releases, yada, yada.
I bet you are beginning to see the picture...there are no surprises, the closing price is based on all that known information and if it is .25 a share based on all the known information, the company can ring their bell all they want and they are not going to Nasdaq because of the share price. So, like the Nasdaq lady told me, "many of the OTC traded companies have to do a reverse split to raise their share price", then five days of solid closes and they move up to Nasdaq.
So why NO (absolutely no) R/S for UNVC...wait, think a minute, aahh, UNVC is legally a dark company, "nobody knows we exist" we are "off the investment radar". When was the last UNVC press release and Edgar filings, over 10 years ago! So when Doc "turns on the light" the market will be surprised, the stock will start trading the next day over the minimum Nasdaq level (I think the top level) and we Up List after the appropriate days stated above. So don't even think about a R/S, not needed, IMO because I know what I own and I am confident in what I own. When you understand some basics, many times just common sense, simple as that.
Those talking a reverse split either don't know what they own or they want to buy cheaper shares. Here is a not so quick summary.
Yes reverse splits are bad for 99% of penny stocks, anyone around long knows that. BUT realize most R/S are done at .0001 or .0002, some times a little more, and only serve one purpose, the CEO's pocket book. Now there are a few R/S done at much higher prices, and done to get the company (OTC traded), stock price up to the minimum level for an Up List to Nasdaq, that is $2, $3 or $4 depending on the level approved by Nasdaq. That is reason Nasdaq requires OTC stocks wanting to Up List to trade OTC for 5 days with a minimum close at one of those prices. The $4 level is two days minimum close above $4.
Now, and this understanding separates the "know your stock" from just wanting a better price to buy. It is very simple, EVERY other OTC penny stock wanting to Up List, is current/fully reporting at the time they want to Up List. The "market" knows every thing about the company, financials, press releases, yada, yada.
I bet you are beginning to see the picture...there are no surprises, the closing price is based on all that known information and if it is .25 a share based on all the known information, the company can ring their bell all they want and they are not going to Nasdaq because of the share price. So, like the Nasdaq lady told me, "many of the OTC traded companies have to do a reverse split to raise their share price", then five days of solid closes and they move up to Nasdaq.
So why NO (absolutely no) R/S for UNVC...wait, think a minute, aahh, UNVC is legally a dark company, "nobody knows we exist" we are "off the investment radar". When was the last UNVC press release and Edgar filings, over 10 years ago! So when Doc "turns on the light" the market will be surprised, the stock will start trading the next day over the minimum Nasdaq level (I think the top level) and we Up List after the appropriate days stated above. So don't even think about a R/S, not needed, IMO because I know what I own and I am confident in what I own. When you understand some basics, many times just common sense, simple as that.
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