ProMIS Neurosciences Inc PMN

Reverse Splits No Value

[TopBroker]

Reverse splits only delay the inevitable: decline, delisting, and becoming destitute. A company's fundamentals have in no way improved, despite a share price that's 20 times higher than it was pre-reverse-split. If the company is still troubled, a reverse split just gives the share price a higher roof to plunge from.

But i better defer to that savy investor David the King who does not have one client.

[Thenorth1990]

Tb you are right but if it helps this company gets Nasdaq listing where it should attract much more investors won't that be in company's favor.? I am personally against reverse split. Few of the companies I had watched went through this and nothing changed for them.

[DavidKingCanada]

Well this is my point but it seems everyone is complaining about Dilution and when I bring up the idea of any sort of Consolidation I get bombarded. 

[Thenorth1990]

Pre clinical small cap stage company means reverse split and name change is unavoidable, I am sure everyone knows that and people on the board are much more experienced . I looked up Eli lilly since 1986 they have gone through 4 splits, its also a survival mechanism to stay relevant and not a penny stock . Now there is a different side of the story , most of them have achieved 4000% returns in 20

[Speyeder999]

I apologize in advance for repeating myself, but doesn't a reverse spilt (share consolidation) have to be approved by the board at an AGM for it to materialize in the given year?  TB, isn't this up your alley?

[farmerjane]

Need News badly, talk of reverse splits, Nasdaq, is nonsense !!

[M101]

    You could say that every summer, but this is the first time we won't run out of money in time for a tax-loss sale, and without the constant pressure to churn new stock for warrants we might hold this valuation until real news happens. Last year our churners took over in mid July, if this year is different it will be obvious by the end of the month. 

[Thenorth1990]

Aducanumab approval was also non sense until June 7. Anyways I hope everyone wins.

[DavidKingCanada]

Yep, exactly!