RE:RE:Reverse SplitPitdigger wrote: A :Reverse Split," doesn't always need to be subject to shareholder's approval. Having said that, A "Reverse Stock Split" reduces the number of shares outstanding, which typically leads to an increase in the price per share and doesn't affect the company's value. but instead, it's often done to prevent a stock from being de-listed or to improve and strengthen a company's image within the stock market if the stock price has dropped significantly. Agra's stock price has dropped from $0.86 to $0.09 and ranges from 0.065 to $0.95. The amount of Stock outstanding also plays a very significant role and since Agra has more outstanding stock than literally any weed stock, it would actually make sense for it to perform a reverse split of at least 10 for 1 or even higher. By do so, Agra would gain more attention from market analysts and the bigger house will find it more favorable for their investors. Plus, do not forget that Agra has already been carefully building its foundation for a positive future not only in Canada, but in the UK and Europe. So yes - since I do not engage in pumping a stock for any reason, please consider this to be just my opinion on the question of performing a Reverse Split. But the down side is also that a "Reverse Split," my bring about "Stock Traders" shorting the stock.
A reverse split would be the absolute worse thing that could ever happen to this stock. I only invested when the explicity said that they WOULD NOT do a reverse split. I still have the video from a spokesperson from AGRA stating so. Every time I have been involved in a reverse split the stock has decreased tremedously in value after the reverse. I would be devasted if AGRA is even considering this. Its better they wait for the licence and move the share price back up to respectable levels.
Mayham