Reverse Split?There are many resons to do a reverse split.
One is to get the stock trading at a value where the institutional folks can get involved. This usually needs to be trading on an exchange that has more credibilty.
Some exchanges need higher valuations to get the stock accepted.
So if we look at a value of north of mid point say $4.00 CDN we would be looking at a reverse of 8 or 10 for one. Based on a trading value of $.50 for 30 days to 45 days.
This is not so uncommon with penny stocks or companies looking to get into the mainstream with a story that can be sold in these higher levels.
Can Eguana's story be sold in these faster lanes of commerce??????