RE:RE:RE:RE:Reverse Split Canopy Let's say an investor has 10,000 shares, with a split of 15,your share count is now 666, with a share price of $8.25, and the same balance sheet.
Split of 10, gives you 1000 shares, with a share price of $5.50.
Split of 5, gives you 2000 shares, with a share price of of $2.75.
Only the investor share count and the share price changes, the financials don't change.
hence the reason why a split is seen negatively. People are still putting all their hopes on the US, the only concrete numbers at this time is the Canadian market, therefore if they execute the split do you believe the company is worth $8.25, $5.50 or $2.75.
Let's say nothing happens on the state side until 2025, are you confident the company can survive this artificially increased share price.
This is not bashing, I believe a split is a justified concern when investing in a penny stock.
You bring good points, but to remain objective one has to make a decision on the totality of the information available to them.
IMHO