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Fresh Tracks Therapeutics Inc V.BBI


Primary Symbol: FRTX

Fresh Tracks Therapeutics, Inc. is not engaged in any business activities. The Company is in the process of dissolution.


GREY:FRTX - Post by User

Comment by risk53on Mar 16, 2018 7:59pm
267 Views
Post# 27731816

RE:RE:RE:RE:Rollback coming!

RE:RE:RE:RE:Rollback coming!

The way i see it is this....Garth made it perfectly clear at the AGM that he's positioning the company for a future buyout. IMO....The share structure, whether 1 billion shares or 100 million shares means very little. If the company is sold for 2 billion dollars each share would be worth $2 a share or $20, If you owned 100 thousand shares your worth would be $200k. If they did the roll back/reverse split your shares owned would be 10k (at a 10-1) but those 10k shares would be worth the same at $20 per share.200k.....

If the goal was to continue to function as BBI, then it would make sense to do a reverse split to qualify for the Toronto exchange where the company would have a larger pool of institutions whose charter prevents them from buying pennyt stocks, and in some cases anything under 4$ or $5 a share

Unless I'm missing something....


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