Please understand what a REVERSE SPLIT means Lo
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Posted On: 11/10/2022 4:21:44 PM
Please understand what a REVERSE SPLIT means
Look at the history of penny stock that undertake a Reverse Split. Then do the homework required to get listed on Nasdaq.
Only ones that benefit are the holders of Series B family and friends shares.
The Series B shareholders are conveniently exempt from Reverse Splits. Read the details in the 8-K on March 25th announcing the Reverse Split approved by the 2 person (brother-in-laws) board.
It's a nice way to get rid out those loyal shareholders who will get their shares pummeled down to 1 share out of every 100 they own or pummeled down to 1 share out of every 1000 shares they own. Then the stock takes a hit on the news. Real nice!
Please stop with the Nasdaq b.s. Companies need to have at least a $75 mil market cap AND minimum $4 minimum bid price for 90 consecutive days ...to have any chance of getting listed on the Nasdaq.
in my humble opinion
cheers
Look at the history of penny stock that undertake a Reverse Split. Then do the homework required to get listed on Nasdaq.
Only ones that benefit are the holders of Series B family and friends shares.
The Series B shareholders are conveniently exempt from Reverse Splits. Read the details in the 8-K on March 25th announcing the Reverse Split approved by the 2 person (brother-in-laws) board.
It's a nice way to get rid out those loyal shareholders who will get their shares pummeled down to 1 share out of every 100 they own or pummeled down to 1 share out of every 1000 shares they own. Then the stock takes a hit on the news. Real nice!
Please stop with the Nasdaq b.s. Companies need to have at least a $75 mil market cap AND minimum $4 minimum bid price for 90 consecutive days ...to have any chance of getting listed on the Nasdaq.
in my humble opinion
cheers
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