Looks like a 10-1 split upcoming. Likely setting the table for a financing. Potentially as well to consolidate resistance ahead of good news....Or sector change.
Med Biogene to roll back shares 1 for 10
2017-11-30 18:21 ET - News Release
Mr. Iain Weir-Jones reports
MED BIOGENE INC. - CONSOLIDATION
Med BioGene Inc., pursuant to a resolution approved by the board of directors, intends to consolidate its issued and outstanding common shares on a 10-old-shares-for-one-new-share basis, subject to the approval of the TSX Venture Exchange. The company currently has 87,578,353 shares outstanding, and following the consolidation will have 8,757,835 shares outstanding, assuming no other shares of the company are issued. The name of the company and stock trading symbol will remain the same.