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NASDAQ DIP and RIP
(Total Views: 148)
Posted On: 07/03/2017 9:31:00 AM
Post# of 23077
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Posted By: OldSaltDawg
Re: OldSaltDawg #18000
$CYTR,,,As I brought up last week, there is to be a Shareholder meeting on July 12th. One of the items to be voted on is whether to allow the board the ability to implement a reverse stock split of anywhere between 1-3 and 1-8 anytime during the next year. I have no doubt that CYTR will be implementing a reverse ASAP. this week marks the 1 year anniversary for the stock price to be under $1.00. One of the NASDAQ requirements is that a company's stock must maintain 10 Consecutive days during the year of closing over $1.00. So, unless CYTR can manage a stock market miracle this week, NASDAQ will send a delisting notice and I believe this will be the catalyst for the company to vote a reverse split, Soon.

Also, why hasn't the company provided the results for the Phase 2b Aldoxorubicin? The results were due out last Friday. I am wondering why no mention of this has been forthcoming in the news.

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