Question to Fred about RS with reply.SENT BY ME
Good morning Fred,
I’m looking to get information on the proposed stock consolidation.
I understand there is guidance from really smart people but I’m trying to understand if this is a topic that must be visited annually, or something company suggesting is best for overall performance and therefore it will be a discussion at AGM?
REPLY FROM FRED
Good afternoon WalkingRed,
It will definitely be discussed at the AGM and just like last year, we will make sure to explain again that we are asking for such a vote just in case we decide to proceed with a NASDAQ listing and need it to meet the "famous" sweet spot" price range of $12 to $15 that is recognized as the best possible price for a listing in the US in order to draw attention of the right se of institutional investors.
Plan A is still and always was to deliver first and foremost on the expected clinical and operational milestones and get there organically. It is just a precautionary measure in case we would need to move faster.
Hope this helps,
Best regards,
Fred