OTCPK:NWKRF - Post by User
Comment by
VeritasVernon May 16, 2018 6:23pm
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Post# 28042392
RE:RE:RE:RE:Why not do a stock buy back instead of a reverse stock split
RE:RE:RE:RE:Why not do a stock buy back instead of a reverse stock splitthe $930 k can't include the recent bought deal financing. If they actually only do have $930K the implication is that they will have to do another financing for operational requirement until they have good cash flow. As for other mj companies interested in them, that would be highely unlikely for the following obvious reason: Another round of financing dilutes the shares further and more share are needed to be issues due to the lower price point. The market will pummel this stock if this is the case.