RE:RE:nasdaq listing questionCharlotte wrote: when you say a reverse fold 10 -1 lacie would fall with 45 million do not forget that the echelon cie owns 10% of shares in hiti aurora and aphria plus the president all these big investors hold more than 25% of the cie so he will stay that 30 million held by small investors they will run out of shares for the usa don't forget that we will be the first cie cie in canadian cannabis on the nasdaq me i claim that the stock will go up to $ 1.00 before doing 5 to1 reverse split c is the minimum amount of action that we must have to sell in the usa I think the registration on the nasdaq will be done around February 15 it is my idea when we have requested a registration on the nasdaq it is not for next year it is for the most quickly possible it's serious
I agree 5 to 1 is more realistic, especially if there's a chance we can get to $1 before the split which is looking likely. And for anyone worrying about further dilution after the RS, they'll gain about $14 million with the exercise of the warrants. That and the fact that they're EBITDA positive, and still have access to $6 million in the credit line means they won't be hurting for cash.