RE:RE:Outlook 2018---Full NASDAQ listingThanks Kmuha....not sure if it's $1 or $2.
I don't know much about roll backs( reverse splits) and the consequences. Only from my observation the shareholders usually gets screwed.....especially longs.
Purely from a hypothetical standpoint
Say a shareholder has 1 million shares....only to be told there is going to be a 1:10 split.....in order to raise the price/share up high enough to meet the NASDAQ requirements.
This would leave the shareholder with 100,000 shares
Assuming again for a purely hypothetical discussion, the ProMis stock reaches $5 BEFORE the reverse split....that leave the shareholder with 5 million...............post reverse split it would be 500,000 bucks.
Now for interest sake, say after the reverse spit the ProMis stock hits $30 buck.....this equates to only 3 million as opposed to the pre split of 5 million.
In fact the Promis stock would have to hit $50 dollars / share in order to be on par with the 1 million shares @ $5.
If as it seems, ProMis has the goods...in my mind this reverse split is NOT in shareholders best interests from certain perspectives. I have never seen it work that great for shareholders and as I said especially longs
I want to reiterate I don't know a lot about the advantages of consolidation.
Appreciate any feed back.
Thanks
J