Timing of Share ConsolidationAs per the Virtual Investor Conference December 3,2020 Q&A:
Investor: What oustanding requirements are there for a Nasdaq and NYSE listing?
Greg Crawford: "We believe that we check most of the boxes there...one of the things.... there are two things that would have to be done from an administrative standpoint, and ... from all of our investigating into a Tier 1 listing...One would be expansion of our board which we are actively working on. And another would be a ...share consolidation..., when the time was right"
For those of us who were invested during through the reorganization of 2018 will remember that they anounced the 1 for 5 consolidation on December 28th, 2018 with the newly formed shares starting to trade on the Venture as of January 3, 2019.
THE RESULT? Substandial price volatility for the following two weeks but ultimately followed by a 9-week 95+% gain.
If you believe that it is inevitable that PTQ will end up on a Tier 1 US listing and recognize that management "believes" they are destined for said listing within the first half of 2021, then it only follows that there will be a certain urgency to complete the share consolidation.
Such a change in capital structure should enevitably open the stock up to short term volatility again. However, the faster management is able to restore price stability, the sooner future US investors will feel comfortable trusting the technical channel trends that have been established over the past 3 years.
This, IMO, would imply doing the consolidation sooner versus later. You could argue that the holidays is not the best time to consolidate because of the lower volume and potential for hightened volatility. However, this timing would will give them 3-6 months to ensure that the established technical channels are re-established ( adding to the preditability of trading this security), and make January 4, 2021 as the future reference point.
Further to this, the old expression applies, "You can't fool with success" .... They did it once before, it worked beautifully and they can do it again.
So....would a share consolidation between December 27-29th 2020 be a wise timing for management? 100% Absolutely! (IMO)
Here"s to a very profitable 2021!
Long and heavily invested
(Just my opinion....do your own DD)