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Bullboard - Stock Discussion Forum Kwesst Micro Systems Inc V.KWE

Alternate Symbol(s):  KWE | V.KWE.W.U

Consumer Defensive Industrials Technology Aerospace & Defense
KWESST Micro Systems Inc develops and commercializes next-generation tactical systems. The company offers breakthrough technology in non-lethal systems with broad application, including law enforcement and personal defence, modernized digitization of tactical forces for shared situational awareness and targeting, and counter-measures against threats such as drones, lasers and electronic... see more

TSXV:KWE - Post Discussion

Kwesst Micro Systems Inc > Kwesst Micro Systems To Conduct 1-For-70 Reverse Split, Resu
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Post by AwareInvestor on Oct 27, 2022 8:50am

Kwesst Micro Systems To Conduct 1-For-70 Reverse Split, Resu

Kwesst Micro Systems (TSXV: KWE) is evidently undertaking whatever it takes to potentially get listed on a major US exchange. The company last night announced that it will be conducting a share consolidation at an eye-popping ratio of one post-consolidation share for every seventy pre-consolidation shares, or 1 for 70.
Comment by canaso14 on Oct 27, 2022 9:05am
This post has been removed in accordance with Community Policy
Comment by AlwaysLong683 on Oct 27, 2022 2:52pm
I believe most stocks experience a futher decline in their share prices post-consolidation given a share consolidation makes the company appear weak with management not expecting much in terms of company performance over the near term at least, so it's not exactly a fix to stem the tide, though it might help a company avoid getting kicked off exchanges for not meeting listing requirements. A ...more  
Kwesst Micro Systems Inc