GREY:ATBPF - Post by User
Comment by
luther30on May 01, 2019 9:09pm
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Post# 29698239
RE:RE:RE:IS ATE still thnking of doing a share reversal?
RE:RE:RE:IS ATE still thnking of doing a share reversal?They would do a RS to get their SP to over the 4 bucks that was previously mentioned to entice other investors. Lots of people don't want to buy tickers under a buck no matter what the market cap is.
hausofstock wrote: Why does it matter if they RS? ATE has a present market cap of $86,586,563.00 CAD @ $0.35/share and 243,905,811 shares outstanding. If the company performs a reverse split the market cap does not change. In fact uplisting to NASDAQ will allow institional investors like pension funds, mutual funds etc invest in the company. Most are banned from investing in OTC or TSX.V. In anycase they have voted to uplist and perform a ratio of 5 to 10 as of the last general meeting. Here's hoping we get off the TSX.V and OTC and join the ranks of a real pharma company.