TSXV:YDX.H - Post by User
Comment by
countryjakeon Dec 16, 2019 4:52pm
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Post# 30460871
RE:Reverse Split? 8:1 What does everyone think?
RE:Reverse Split? 8:1 What does everyone think?One thing you can be sure it does not mean is that it will be trading at 8 times it's current share price. If this rollback was done just to clean up the share structure, it will drift back to 6-7 cents within a couple of months. The only hope for existing shareholders who stood so solidly behind the company through waves of shortselling is if the rollback is a precursor to a deal. If that is the case though, why not announce it? No, I fear what it does mean is they just screwed their retail shareholders to hand ownership to institutions. Otherwise, 3:1 would have sufficed to clean up the share structure.