TSXV:CLAS.H - Post by User
Comment by
petesfreak15on Apr 23, 2021 6:41am
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Post# 33053662
RE:RE:RE:28 of april
RE:RE:RE:28 of april I think CLAS has 500 million shares out roughly, probably want to be around 100 - 150 so a 5-1 would be reasonable. Only IF that share price comes in north of $1. So, we would have to be at .20 atleast. A smaller float, gives them leverage to raise capital down the road. There are arguments on both sides, better % increase in profit for shareholder if this explodes as a penny stock vs more stable and dealing in dollars. Prior to this scenario though, we all would hope that there would be some positive news to move this up considerably so that any consolidation would result in a new share price in the multiple dollars or a big Pharm comes in and buys us out. Lets hope.