Post by
Linc1581 on Jul 07, 2020 4:12pm
Brutal
down 25% since the reverse split, I like how they say it won't affect the sp in that it is 1:1 in terms of value pre and post but fail to foresee the 20% drop from the selling. There is a high chance they will miss listing on NASDAQ and dilute again. Very disappointing with the miss on warrants and continued downward spiral and no real news. NASDAQ will be more of the same if they were able to get listed
Comment by
Bullknit101 on Jul 07, 2020 5:14pm
My guess is that they already planned for the risk of an SP drop hence why they opted for 33 RS. We should have an idea soon as to when they might list on NASDAQ. Not sure what folks are saying no news. They are hitting their milestones but yeah, we would a license deal sooner than later.
Comment by
Linc1581 on Jul 07, 2020 5:21pm
my concern is the continued drop and not making the listing requirement. Also without news and uplisting would be the same as when they uplisted to tsx where it went from 1.47 to .265 cad for the reverse. The only plus so far is that volume has been up compared to before but it's been all selling
Comment by
Linc1581 on Jul 07, 2020 7:01pm
currently at 4.85 us and the requirement is 4us. They have atleast 6-8 weeks before listing...don't think they will stay above 4 US in the time frame