RE:Why has share price dropped Hi Sam
I just noticed that CRESO PHARMA has a float of 1.1B outstanding shares add to that RED LIGHT HOLLAND outstanding shares,merged the outstanding shares total will be roughy 1.5B...They will need to bring that number down by sometimes of split...
In you opinion,what kind of split are we looking at ?
SamRothstein wrote: A lot of people asking this question and some have messaged me privately asking. My suspicion is that some people are worried about the larger share count and possible stock consolidation. I think these worries are misguided because even if they do a stock consolidation it will be from a place of strength, probably to secure a listing on better exhange. With better exhange comes a much higher pool of institutional investors. The problem with rollback so when it is done by weak companies that are bleeding cash, and can't even see net cash flow around the corner, and often have major debt, and it is done to temporarily boost stock price and of course it usually fails because it is illusiory manoever. We are not in that weak position. And they probably won't do a consolidation anyways until at least one more big acquisition.