GREY:SIXWF - Post by User
Comment by
throwaway11on Sep 03, 2023 12:24pm
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Post# 35618070
RE:RE:RE:RE:December 2023
RE:RE:RE:RE:December 2023I looked this up a long time ago for another company. The rule is the same for the CSE, but they allow exemptions under written request of the company for various reasons.
IMO this reverse split exists for one reason and that is to allow the company to raise again. They have a large liabilities statement and a secured loan to one of their own advisors. They're trying to escape from a rock and a hard place. The second the stock R/Ss, existing shareholders will be clamoring for the gates because they know the raise - which could be a de-facto once cent raise for millions of dollars - will be the immediate next move.
If people keep staying in this stock your money will go to nothing. I was still in some sense a bull (because I know the tech could be good) until recently but this is the last straw. I can see where this is going.