Great post!
I had shares in a company that reverse split. The SP was in a continuous tailspin, and not long after the split, it went bankrupt. The writing was on the wall for a while, this was a last ditch effort.
POET is in a completely different place.
I think a couple of you are on to something. I believe the reverse split scenario is contingent on news not driving the price well north of $2.00. I think they're just hedging against what has pretty much happened in the past...big news, little impact on the SP. Add to that warrants being exercised etc, and I get the picture.
People need to understand, that for some Mega Caps, it's in their corporate governance that they can't acquire companies on certain listings, and at certain price points. So, I understand why getting on NASDAQ means more than just being on a bigger and more "stable" exchange.
