CloudMD Software & Services Inc V.DOC

Share Consolidation In Future......?

[AlwaysLong683]

Most big institutions won't even consider buying shares in penny stocks like DOC.

According to Simply Wall St.,, the General Public owns approximately 98% of the 293M shares outstanding, with Insiders and Institutions owning the remaining 2% combined. 

One way to try and get attention is to do a share consolidation or "reverse stock split".

If DOC did a 1:10 consolidation, it would boost its share price to around 2.20 while reducing the total number of shares outstanding to around 30M.

Now, typically when a company does a share consolidation, the share price does drop pre and/or post consolidation as the market may take it as a sign the company doesn't expect its share price or fortnunes to improve much and is trying to put lipstick on a pig. However, as time passes, if the company can show growing revenues and rising profitability along with a share price that is now out of penny stock range, it could start to attract the interest of say, small cap mutual fund and other investment managers.

[KrapShoet]

Nope won't happen. Any financial advisor to Doc would never recommend it. Kiss of death to sp. Reverse splits never work. Please prove me wrong but I've never seen it work and I'm as old as dirt.  

[AlwaysLong683]

Bombardier off the top of my head. Share Consolidation announced May 5, 2022 and executed June 13, 2022. BBD.B Post-consolidation share prices:   May 5, 2022 close:             30.25  (down 8.33%) June 13, 2022 close:          26.86  (down 4.92%) June 14, 2022 close:           

[Tuatara]

IMHO: if the company can sell its entire capability to a major brand the SP will go parabolic. I'd see a RS to show that they lack belief and don't see any tmrwal traction. It will be a last ploy to generate attention.   

[joe0301]

This post has been removed in accordance with Community Policy

[Tuatara]

Duck off 

[slowcook]

They are still fighting for life.  Cash burn is critical here, as the financing at these price levels is the end game. I think Karen is still trying to sell whatever she possibly can and extend life and Doc to positive ebtida. After that they need new CEO or sell the leftover of Doc in one piece.

[Tuatara]

They've cleaned house, have $37MM in cash, low debt and new CFO says they'll be EBITDA positive this year. Slowcook, do you not pay attention or what's the motive here dude?

[slowcook]

I'm saying a year from now. Things Karen has done so far selling CP+some DHS that were bought at absoulute pick, collected some cash, burn the cash, shrinking business, and trying to cosolidate expenses and promising positive ebdita.   There're are no new contracts, and Karen is not made for that. She is a maintainer,  My motivation is to be realistic. We've seen this

[Mapleleaf57]

SlowCook, so why are you still invested in this company?(if you are at all)  or are you on here just to abuse and harass people here? 

[Gord_Alberta]

Not sure why SlowCook is still invested... My shares dropped just over 90% since I first bought due to some good pumpers on this Stockhouse Bullboard. Since I only invested less than 1/3 of 1% of my monthly dividends; I do not lose sleep. Yet somebody has to protect the newbies who might actually believe what some pumpers post...

[Dartmam32]

GORD, you dont have enough shares. You should buy a lot more and make yourself some serious money this year. With the amount you have invested I would not even waste my time commenting on this site. Who needs sleep....lol

[Possibleidiot01]

You're making an assumption that Gord does not receive  a humungous amount of dividends ; maybe he's filthy rich?