The company already executed a 1-for-250 stock split in August in an effort to remain listed on the Nasdaq stock exchange.
The attorney general’s office is investigating whether the company mislead the investment community regarding the company’s financials, the source said.
And yesterday, Business Insider reported the company had delayed a stockholder meeting about a potential 1-for-500 reverse stock split.
The stock price did rise, then dipped back down to its current levels.