TSXV:CLAS.H - Post by User
Comment by
whisky11on Apr 28, 2021 9:48am
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Post# 33081540
RE:RE:Reverse split is a necessity
RE:RE:Reverse split is a necessityzardoz00]It might be but in 90% of the cases independently of the value of the company, after a reverse split the shares go down as the predative shorters go into action. So, I will sell before the RS, wait for the price to drop and buy back at a better price. If I’m wrong then so be it.
whisky11: if you're wrong at least you can use it as a lesson for future investment.
Why don't you start from reading last interview with R.Farrell
He explained that reverse split will be done at the same time PR's will be released. So I can imagine from one million shares next morning I have 100,000 shares. But then there is an announcement that the bankers want to invest $20 million in Claritas and the US government approved Application for $60 million to cover expenses with faze 2and3
And they announce that the governments wants to expedite approval because of the importance to save peoples life.
In case like that, more shorts then better. Personally I don't care how many zeros is in the number of my shares ,the dollar value that's what's matter