GREY:ATBPF - Post by User
Comment by
Inthepezon Aug 18, 2020 7:49pm
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Post# 31425778
RE:RE:Reverse Split at AGM?
RE:RE:Reverse Split at AGM?Hopefully the run up (and uplift) happens around the FDA approval meeting.
MUGs, technically speaking, can they proceed with phase3 if don’t need get FDA approval? I’m confident they will with Stauffer meeting the requirements of the NSAID division. But, in the off chance, they would have to find another country to proceed like Canada or overseas (EMA meeting)? quote=MUGMODs]The vote is only a re-approval for authorization to consolidate (as the last one is expiring) and it gives them one year to make it happen. If they don't consolidate within the year, they will need to vote on it again at the next AGM.
On August 20th, I believe they will get the OK to proceed.
But,
On August 20th, it is highly unlikely that the company will act on that approval.
The actual consolidation will happen in the future when management believes it is the best time to do so. No idea when that will be but I'd say it likely happens as part of a major run-up in share price.
All in my opinion only.
Hope that helps.[/quote]