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Bullboard - Stock Discussion Forum Neovasc Inc. NVCN

Neovasc Inc is a specialty medical device company. It develops, manufactures and markets products for the rapidly growing cardiovascular marketplace. Its products the Neovasc Reducer (Reducer), for the treatment of refractory angina, which is not currently commercially available in the United States and has been commercially available in Europe since 2015, and the Tiara, for the transcatheter... see more

NDAQ:NVCN - Post Discussion

Neovasc Inc. > The split is on the table
View:
Post by Barewood on May 15, 2018 11:00pm

The split is on the table

as a bargaining chip for Neovasc to be granted an extension on the NASDAQ. If the Company's extension is granted, I doubt the reverse split will be initiated, particularly if they succeed in amending the terms of the remaining 2017 financing ("Event Price Provisions"). I personally think its worth the effort. So, even if a split is voted for, we won't see it unless the "Company is not able to amend such provisions or obtain a waiver of such provisions in connection with its efforts to address the challenges to its capital structure, the Company may elect not to proceed with the reverse stock split." The NASDAQ is important to attract larger institutional investors in the U.S. to bring its products there to market.
Comment by rockyfan on May 16, 2018 7:58am
This is going down half cent by next week...
Comment by Barewood on May 16, 2018 11:24pm
Half a cent! Wow, where are your metrics for such an assertion? I'll load up either way! So 5000.00 will give me a whopping 1,000,000 shares; think of the possibilities!
Comment by Makstocks on May 17, 2018 9:57am
I cant wait for this half cent SP either.
Comment by onions7777 on May 18, 2018 5:13pm
1,000,000 pieces of toilet paper for 5K. Sounds like a deal to me!!!
Comment by Makstocks on May 18, 2018 11:53pm
Now, now Rimbus. What did we say about being condescending towards towards board members? Should you not be checking your aftermarket watch for your $800 flips? Hah
Comment by rimbus on May 19, 2018 10:14am
This post has been removed in accordance with Community Policy
Comment by onions7777 on May 20, 2018 12:05am
@Rimbus. They refer to me as you because I joke about their pumping. The last few traders certain this company will turn around and they'll become millionaires. I keep flipping this stock at a .005 spread and they think its funny. I might not make a million, but so far took 9200USD in the past 2 weeks, with minimal effort, and while flipping my other stocks. "The analysts are smarter than ...more  
Comment by rimbus on May 21, 2018 12:21am
This post has been removed in accordance with Community Policy
Comment by Makstocks on May 21, 2018 1:27am
Look how cute you two are. Rimbus cant pump short NVCN anymore so he comes here to spew his XMG garbage. You guys think we dont smell your sh!t,; all sh!t stinks. Sorry fellas. Onions7777, what happened to your be the "bigger man" and stop helping people from "losing" their investments. You still seem to show up here and do absolutely nothing. Really though; Who has this amount ...more  
Comment by Montrose9 on May 23, 2018 11:30am
Just remember its hard to make money in stocks where the shareholder base are underwater. If a share compression of 1 for 100 takes place as the news release underscores then somebody with a cost of 2 dollars per share then has a cost of 200 dollars per share
Comment by Barewood on May 23, 2018 11:59am
That is not how it works.
Comment by Montrose9 on May 23, 2018 3:34pm
Pretty straight forward if you bought 100 shares at 2 dollars and you end up with 1 share that share cost you 200 dollars plus the brokerage. Of course if they do not alter the share structure and the shares go back to 2 dollars then those who buy now are golden. I will be the first to admit I dont enough about this listing to declare it has no value
Comment by Barewood on May 23, 2018 4:14pm
Montrose, what ever the market price of your holdings are at the the time of the consolidation regardless of the amont of shares, will remain the same. So say you bought 10,000 shares at 0.10 that would mean your Book amount will be 1000.00 plus commissions paid, which is reflected on your account, but lets say the price drops to 0.06; your book amount remains the same book your market price will ...more  
Comment by Barewood on May 23, 2018 9:55pm
Sorry that was suppose to read 0.06
Comment by Montrose9 on May 24, 2018 12:30am
In response to this post by Barewood  lets remember SIRI that was once below a dime and now is over 4 dollars with something like 4 billion shares outstanding and never did do a share compression. It only took time and a quality productand of course quality management that knew how to run a business and cared about shareholders. My opinion in general is that management who implement reverse ...more  
Comment by Barewood on May 24, 2018 10:08am
You missed my point. I was explaining to you how the R/S work. I also explained in several cases that Neovasc has made clear that the R/S may not go through pending on a number of circumstances.
Comment by Barewood on May 24, 2018 1:40pm
The major point here is, and if you look through and or listen to the updates provided by the Company, if Neovasc does not meet the NASDAQ's minimum pps of $1.00, the Company stands the risk of being delisted, which means Neovasc will not have access to major institutional investors. The Goal hear is to bring it two key products to the U.S.. Read the following and you'll see: News ...more  
Comment by Barewood on May 24, 2018 2:07pm
typos Love em!
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