Frankly FRNKF

Technology

Frankly Inc is a is a Canada-based company provides software platform for brands and media companies to create, distribute, analyze, and monetize their content on the web, mobile, and television. The company offers digital publishing software as a service and related advertising services for media sites on the Internet and integrated platform of the content management system (CMS), Web and mobile publishing, social engagement and monetization. Its software enables site owners to design, build, a

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Frankly > Rollback and offering

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Post by rborhion Nov 18, 2016 12:15pm

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Rollback and offering

I contacted the company and they confirmed there will be a rollback of shares in order to meet the minimum Nasdaq share price. I'm guessing it will be at least a 1 for 10 if the share price stays at this level. The company doesn't know yet how many new shares will be available in the offering they will do. I don't like the dilution, but I like the idea of a Nasdaq listing, and they must have people wanting to take part in an offering around the $5 per 'new' share price if they are going ahead with this, which is a good sign. Hopefully this will be one of those times when a rollback turns out well. I think it will take more than just a Nasdaq listing to improve the share price.

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