RE:RE:what was approved at the shareholders meeting ? 10:1 Split?rghalifax wrote: They have to reverse split to meet the share price requirements of the Nasdeq...3 to 1 reverse is as much as they want to go which doesn't give them much wigle room at this price....but we'll see where the price is at when they actually consolidate.Nasdeq wants 5+ share price to list...something like that.Unlike,for example,Aurora....it isn't being used as a way to shrink the float so they can issue more shares,although sooner or later that's gonna happen if they make more acquisitions...the performance of the company will determine the longterm price of shares....shorters have got nothing to do with that.I'm long,anything under 2 is a sale when I have extra cash.GLTA
That's not entirely true about the 5+. There are different levels price wise. 5 is one of them but you also have 3 as another. 3 is what Valens applied for so they will have a decent amount of room to slide when the conversion takes place. They can remain on the Nasdaq as long as they are above 1. We should all know that the shorters will be watching very closely and I would not be surprised to see them give a beating within the few days.