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MYM Nutraceuticals Inc MYMMF

MYM Nutraceuticals Inc is a Canada based company engaged in the business of acquiring and developing natural remedies. The company is focused on the medical marijuana business by producing cannabis growing facilities and products.


GREY:MYMMF - Post by User

Comment by Jshaw9on Mar 19, 2021 10:52am
142 Views
Post# 32837507

RE:RE:not so fast

RE:RE:not so fastAnd, correct me if I'm wrong.... most times a RS is usually implemented to boost the share price to get onto a different exchange, or to stay on a current exchange if the SP is dropping.
if they were to do a reverse split to get off the venture exchange, I believe that would benefit all current shareholders as we would see big money enter the picture and the SP rise.  However, I also believe we are a long ways away from having the idea of a RS thrown around.
what we need is to maintain a SP over $0.19 as there is a clause in one or more of the warrant deals that if the share price is maintained above that level for a number of consecutive days then the expiry date on the warrants is accelerated, so it would put pressure on those people to exercise the warrants sooner rather than later.  That's why I believe there seems to be a wall around this level, once we can break past it we are going to see some good momentum
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