Enthusiast Gaming Holdings Inc T.EGLX

Not Good....

[88guy88]

180 extension fo Nasdaq requirements listing.....Share Consolidation coming very soon

We all know that when share consolidation happens the shares often "fall back down again"

This will be no different..... :))

[1condor]

I mention this very scenario in my previous threads...and it now seems a reverse split is inevitable...problem is the reverse split fails "every" time. After the split is complete the shorts will come in for the kill and drive it right back down. Its very ugly to watch.  If you dont believe me then please do you own research on reverse splits and draw your own conclusions. Take a

[Puma1back]

In general you are right about reverse splits - but the news release simply confirms that a reverse is not ruled out and that does not contain any new information on the issue as no release has ever reported that they were against a reverse. Further they are not even bound by this release to stay on the Nasdaq so all options are still available. they bought time here for only costs of some

[1condor]

Puma1back..I dont see how they meet the NAS requirements without the reverse split scenario. So for me I am a firm believer now its the route they will take and consequently the company will suffer (not that it isnt already).  

[Puma1back]

easier said then done, but any serious firming  of positive ebit, then this will easily get above $US 1.00. They appear to have reasonable room in the liquidity department but even a $US 1.00 issue of 10 million shares would be a smart move. Jam it to $US 1.25 and then announce the "in the money" issue.  

[1condor]

Puma...will be interesting to see how it works out. For investors I hope your scenario is the one that works.

[Puma1back]

I wonder if this pop is the temporary settlement of the US issue or anpump before poor results ? One more week to see  

[MS12345]

They already called out their excuse on pending poor earnings as this quarter is 'traditionally' their weakest quarter. Don't expect much