A reverse stock split is a weak sign of the company. AVCT’s massive sell-off has just started on Friday’s session. On October 3 this will most probably continue as a 1 to 15 reverse split is going to artificially make AVCT cost more than the $2 mark.
There were speculations about the company being bought up by Microsoft. This is not happening right now. Perhaps, AVCT should perform well financially in Q2 and Q3.
If the reverse split goes not in favor there will surely be internal buying up. The Board of directors and even top-level executives will likely attempt to stop AVCT to plunge below $1 value.