Some key points for me from the call The stockh
Post# of 32626
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Posted On: 04/18/2023 3:20:38 PM
Some key points for me from the call
I see this often. Majority that post online in general are usually the small minority that don't represent the views or votes of the Majority.
Going to be fun watching this trade with an extremely low OS. Are you going to have 2 share trades instead of 100? We'll see.
Usually in this case if you had a .10 swing presplit, that would be a $4 swing post split. That would grab a lot of attention. Buckle up for the wild swings an volatility
"What happens to a short position when CUSIP changes?
Once that CUSIP changes, the naked shorter has no apparent way to close out the naked short position. No stock under the old CUSIP number exists anymore; it all automatically converts to the new CUSIP. "
Not sure if shorts are forced to close out their position. We know there were 4M non naked shares shorted. Usually when a CUSIP changes you see some 'interesting trading. I won't go into specifics.
My assumption is they won't come back and say they found nothing. Should be interesting.
Quote:
The stockholders voted overwhelmingly in favor of authorizing the Company’s board of directors to institute a reverse stock split
I see this often. Majority that post online in general are usually the small minority that don't represent the views or votes of the Majority.
Quote:
The amount of common stock outstanding will be reduced from approximately 153.6 million shares to approximately 3.8 million shares.
Going to be fun watching this trade with an extremely low OS. Are you going to have 2 share trades instead of 100? We'll see.
Usually in this case if you had a .10 swing presplit, that would be a $4 swing post split. That would grab a lot of attention. Buckle up for the wild swings an volatility
Quote:
The Company’s shares will continue to trade on the Nasdaq Capital Market under the same symbol "VERB" with a new CUSIP number, 92337U203.
"What happens to a short position when CUSIP changes?
Once that CUSIP changes, the naked shorter has no apparent way to close out the naked short position. No stock under the old CUSIP number exists anymore; it all automatically converts to the new CUSIP. "
Not sure if shorts are forced to close out their position. We know there were 4M non naked shares shorted. Usually when a CUSIP changes you see some 'interesting trading. I won't go into specifics.
Quote:
We intend to provide an update to all stockholders this week on the actions we have recently taken following the extensive, month’s long compilation and analysis of the evidence produced by our experts.”
My assumption is they won't come back and say they found nothing. Should be interesting.
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