All of this news, funding and optimism towards momentum should have rallied more faith from the company for the stock price to rise naturally on it's own. The reverse split seemed like an unnecessary move. Not many people would invest at this stage in the project (and well before). Unless a split is in the plans for once a certain value is reached, I have to bow out. Whenever I get involved in a stock like this, I usually find the option to buy back my position for a lower price if I ever want back in.
All of this news, funding and optimism towards momentum should have rallied more faith from the company for the stock price to rise naturally on it's own.
The reverse split seemed like an unnecessary move. Not many people would invest at this stage in the project (and well before). Unless a split is in the plans for once a certain value is reached, I have to bow out. Whenever I get involved in a stock like this, I usually find the option to buy back my position for a lower price if I ever want back in.