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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 sonofabachon Dec 09, 2018 8:16am
112 Views
Post# 29088422

RE:My head hurts

RE:My head hurts my 2 cents if the roll back were to happen based on today's prices.

1 - Stock Price of .195 would now equal 1.95
2. I thought warrants would also be revesed 10-1 and go from .065 to .65 however the note now says each exercisable warrant would equal to .1 share which tells me they are not going to physically reverse the warrants on the stock exchange
3. It does not matter that the agreement was .34 when it comes to current stock price. So no matter what happens to the SP between now and January, the price of the stock is 10x the SP of that day and does not "automatically" go to .34 or 3.40 however you want to read it. If you don't believe me then ask yourself this question. If the market liked the deal and it moved to .50 today, do you really think the reverse split force it back down to .34 - the answer is of course not.

Cheers.
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