RE:News ReleaseMISTERFB wrote: Certainly was a non starter. If Management thought this would stem the selling then they were wrong. Their timing is impeccable. As we head closer to the 52 week low I am amazed at the positivity over at Angoracum. Hopefully we are able to maintain the $5 US threshold (reversesplit) to attract institutional investors once we are on the Nasdaq.
Given the new(s) of the day, its holding up rather well as of now. However, your point, about the a $5USD threshold explains whay a 10:1 RS was necessity. at $0.80; 8$ CAD = $6.22 USD.
It clear that going to 1:8 or 1:6 were not a viable option. Hence, 1:10 is an insurance policy.
Question now is how much of a discount news US Investors will be seeling on the price?
A 20% discount at 6.22 USD brings slightly below to 5.00 USD.
Let's see if PTK has more news before the Nasdaq Listing.