TSXV:CLAS.H - Post by User
Comment by
Amazighon Jun 14, 2021 3:49pm
235 Views
Post# 33383048
RE:RE:RE:RE:RE:Vote No to Reverse Split
RE:RE:RE:RE:RE:Vote No to Reverse Split
I think the following will happen, at least if the RS is accepted by the majority:
-There will be several PR's that will drive the SP up, including a refund of $700000, the start of phase I, and probably some other PR's
-Followed by an RS of 10 to 1 or 20 to 1, depends where the SP is at that moment
-After RS there will be a private placement, and because the price is well above a certain threshold there will be institutional investors involved
-Involvement of institutional investors will drive the SP up
-Announcement of the start of the different cohorts in phase I. The start of the next cohort means that the cohort before was successful. This of course will drive up the SP
-Because CLAS is heavily naked shorted, this will be accompanied by a nice and hopefully epic short squeeze.
In other words, we will never see these low SP levels anymore, SP will be well above $1 (after RS) and probably even more.
When phase II is finished, I cannot imagine where the price will be at that moment.
Of course, this scenario only will happen if RS is accepted and more important phase I is successful.
But again, this is just my opinion