RE:Reverse split???? Yes, at some point.Ghost - Hexo received approval for a reverse split between 2 and 14, not 20
While a split of 20 may now seem a better option with the sp having dropped since the approval - they'd have to have that higher number approved.
But who knows with a shady operation like Hexo that releases bad news after hours on a weekend. It could happen I guess - maybe they'll have a new vote at the JUn 14 meeting. Shady.
Anyway, Nasdaq of course is a U.S. exchange right, so the threshold is $1.00 USD. Hexo's share price in US is .29 cents, or $ 4.06. at 14-1. Converting the .37 CDN doesnt address the US listing deficiency.
Ghostinthedark - (5/20/2022 10:41:04 AM)
Reverse split???? Yes, at some point.
HEXO has to initiate to remain on the NASDAQ and TSX or become a penny stock trading over the counter... NOt likely
A 10 for 1 reverse split makes HeXO $3.70... NOt likely, since the company will issue shares to obtain cash flow to cover debts.
HOw about 20 for 1 reverse split???? Hmmmm... That would make the HeXO share price $7.40
That's my prediction a 20 for 1 reverse split.