SAN DIEGO, Dec. 17, 2015 /PRNewswire/ -- Mind Solutions, Inc. (OTC - VOIS), is continuing to process sales of NeuroSync on a weekly basis. NeuroSync is the world's smallest Brain-Computer-Interface on the market and has been receiving excellent reviews. 50% of November's sales were from International orders and 17% from mobile devices. With a limited marketing budget being applied and the testing of various market channels for effectiveness in Phase 1, the Company is pleased with the ROI and plans to increase the marketing budget next quarter, which should increase sales proportionately.
The Company has recently reached out to various Funders for compliance and growth capital needed going forward, but due to the price of the common stock and the amount of shares required to satisfy an investment at these low prices, no commitments have been received. Therefore, the Company's only option is a reverse split of the common stock in order to continue operations. A reverse split increases the price of the stock by a multiple while reducing the outstanding shares by the same multiple, resulting in a shareholder's position having the same pre-split value. With less shares outstanding and a higher stock price, the Company will be in a much better position to be funded and for the stock price to appreciate. The Company anticipates filing formal details with the SEC once the legal documents are prepared, which then provides a 30 day window before the reverse split is effective. The Company believes they will secure much better funding terms following the reverse split and is diligently working to have this in place by the first quarter of the new year.
SOURCE Mind Solutions, Inc.