Nuvo Pharmaceuticals Inc NRIFF

blanket comments

[blackascanbe]

If someone makes a blanket statement like "Never buy a penny stock before a share consolidation" they are simply advertising their ignorance. This is a perfect time to buy.  Nuvo's shares are owned mostly by Canadian retail investors. Canadian retail investors generally react rather than anticipate. Most Canadian retail investors will tell you that a reverse split is bad, and indeed consolidations are usually done by companies in trouble and the reverse split does nothing to change the trajectory of the company's fortunes and therefore the share price and the share price decline continues. Does anyone believe that Nortel shares would be higher today if they didn't do a reverse split"? Nuvo's shares are where they are right now because you do not have many new buyers entering the market and only despondent retail investors/traders selling because they think nuvo will decline because of the upcoming reverse split. The fortunes of nuvo are rising and a listing on the nasdaq with the increase in share price as a result of the reverse split will attract a whole new type of investor. The American institutional investor. That is a powerful force that will overwhelm the Canadian retail investor. In this case, buy before a reverse split.