Nova Cannabis Inc Com YSSCF

YSS Corp is a retailer and trusted destination for adult-use cannabis in Canada, focused on driving near-term growth while building long-term shareholder value. The company has built a strategic portfolio of Licensed Retail Stores across Alberta and in Saskatchewan and intends to expand into Ontario as well as other Canadian markets. Management is focused on strategic opportunities within the cannabis sector to drive shareholder value and its retail experience is built on five fundamental pillar

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Nova Cannabis Inc Com > Reverse split!!!

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Comment by AHRBullon May 10, 2019 9:54am

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Post# 29733621

RE:RE:RE:RE:RE:RE:Reverse split!!!

INVEST4LONG wrote:

AHRBull wrote:

AHRBull wrote:

INVEST4LONG wrote: exactly , you are right.
reverse split is only gonna reduce number of shares not the valuation...
there will be just more price action... dealt with reverse split before in different stocks ... most of the time people sell the stock when its a reverse split.

why should anyone sell the stock after 6:1?

If I own 1 mio shares for 0,05, I will own after the consolidation later 166.666 shares, purchase price will be added up to $0,30.

why should I sell? why should anyone else sell? that doesnt make sence.

this consolidation is just cosmetic

the whole deal structure is placed @ 0,05 cad. company raised ~ 30 mio. cad in 2018 for 0,05 a share. this is after consolidation 0,30 cad/share.

why should anyone sell after it? they dont have profit. so no one will sell below 0,30 cad.

simple math, isnt it?

it is simple math yes, but unfortunately people still sells....more room for stock to go down after reverse split.... and thats the time to add more...