OTCQX:FRNKF - Post by User
Post by
rborhion Nov 18, 2016 12:15pm
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Post# 25481395
Rollback and offering
Rollback and offeringI contacted the company and they confirmed there will be a rollback of shares in order to meet the minimum Nasdaq share price. I'm guessing it will be at least a 1 for 10 if the share price stays at this level. The company doesn't know yet how many new shares will be available in the offering they will do. I don't like the dilution, but I like the idea of a Nasdaq listing, and they must have people wanting to take part in an offering around the $5 per 'new' share price if they are going ahead with this, which is a good sign. Hopefully this will be one of those times when a rollback turns out well. I think it will take more than just a Nasdaq listing to improve the share price.