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$ONFO: 1-For-50 Reverse Split and Strategic Alternatives Ahead of Q2 Print
Micro-cap lender prepares for earnings with float compression and Nasdaq compliance efforts in focus.
Key Points
- 1-for-50 reverse split reduces float to ~850k shares
- No consensus EPS estimate; last EPS was ($6.50)
- Strategic alternatives review may dominate the call
- Nasdaq compliance is the immediate corporate priority
What To Watch
- Specifics on strategic alternatives (M&A, asset sales)
- Volume reaction to the earnings print
- Any guidance on future capital structure changes