Reverse Split - Learn it, don't Fear itHEXO has until Dec 11th before considering options to bring the shareprice up over the $1 min needed for the NYSE. Stock consolidation is an option. This does not change the value of the company, it does not affect your holdings good or bad. The value of your shares will go up and the number of your shares go down.. end result is a wash.
Aurora jumped up by 300% on their reserve split as traders made plays betting on which way they thought the shareprice would go... the bashers were wrong on Aurora, the stock shot up, not down.
Long story short.. the company has 2 months to decide. We are only 2 to 3 weeks out from the first time in the company's history of posting an EBITDA postive QTR report.
More info on Reverse Splits
https://finance.zacks.com/reverse-stock-split-good-bad-2298.html