[patio11]

Your scenario is the company with the $1,300+ strike price will do a reverse stock split because they want to IPO with a $6,500+ share price instead?

[oroup]

No my theory is that they may have already done a reverse split to wash out small stakeholders. If there is an IPO in their future they will have to do a split as well. The former small stakeholders would not get their shares back.

Obviously I know nothing about this but if I were the poster I would ask to hear the story.