TSXV:CLAS.H - Post by User
Post by
Thejew on Jul 12, 2019 3:45pm
102 Views
Post# 29915086
Clarity on RS
Clarity on RSLet me clear up some confusion here. For starters, if the RS is voted on, it does not mean it will even be implemented. It certainly would not be used anywhere near these prices, because it would be pointless. As the PR states, multiple times, it is a "just in case" scenario. And here is that scenario: They release positive data and other good news (licensing/partnership etc) and the PPS goes bonkers to .30ish. Now they have big pharma and institutions looking at them, but wont touch a penny stock and want them to uplist. Now they can do the RS and reach the minimum for lets say the NYSE ($4). They then can uplist and we all win and the negativity of the RS is thrown out the window because the stock is already up huge and were uplisting and then the big guys take us seriously. Again, if the RS passes, it does NOT mean it is even going to happen. They could keep diluting without an RS if they wanted to. I just think the timing sucks and is more ammo for the shorts, so I am voting against it. I hope that helps.