arzusn
$RITR RITR has 17 million publicly traded shares; the remaining 70% is locked up and held by three executives. Within that public float, there are at most 2,500 to 3,000 shareholders—likely with around 1,000 of them currently underwater, having bought in at prices between 8 and 10 cents. It would be foolish to risk delisting from Nasdaq—the king of global markets—and eagerly jump to the OTC market just for such a trivial gain. Besides, even there, those investors would eventually sell once the price hit 7 or 8 cents. You’d be left with absolutely nothing; the pool of buyers would shrink from ten people to two, and the stock would end up worthless. In my opinion, now is the time to show good faith: let the price rise organically to $ 1, then execute a 1-for-25 reverse split and make a fresh start at $25, RITR.
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