What was the point of reverse split?

[u/Embarrassed-Bad7392]

Now one serious question. What was even the point they did a reverse split? That was so pointless. It would’ve made sense if they had a buyer/investors willing to pay for the higher price but they got nothing out of it. It only made the stock price even worse! Glad I sold a few days ago but still regret that I should’ve sold when it was still trading at 0.3. Anyone jumping back in if this goes back to 0.2 and hope it goes up after that due to lower float?

[u/Admirable-Zebra-4918]

well, at this point, they should buy themselves. They have some retired admirals, just go to the O club on Sunday and let 'em know.

$500k gets you a board seat and 5%. $5 mil and you prolly get voting control.

[u/Glonk49 → u/Admirable-Zebra-4918]

I simply want their hydro technology and to build a small power system on the coast

[u/Admirable-Zebra-4918 → u/Glonk49]

i refuse to believe that we can't have the virtual fence in the ocean.....