RE:RE:Gems of wisdommano541 wrote: Now you are getiing it :) share with Charlie. :)
BUT the reverse split caused or will cause a huge loss once we gain momentum.
What do you think our chances are for a 5 for 1 split in the future?
Reverse splits are largely misunderstood IMHO. Canopy executed one back in 2023 but this isn't something they did for giggles or anything. It was necessary in order to comply with requirements laid out by the NasDaq.
Will one be needed again in the future for the same reason? Well the answer to that is 100 percent "who knows?". No one can say with certainty that it will be necessary at some point or another.
The interesting dynamic that the r/s brought to the table is the greatly reduced sharecount that Canopy now has.
If the market gains interest in Canopy Growth due to the statements made by Biden in the state of the unit then we have the rules of supply and demand kick in.
Considering this in terms of contract buyers (shorts) the stock would be a candidate for impressive short or Gamma squeezes.
The secondary known factor is the canopy USA vote coming up later this month. Results from that is news, news moves the market and may be a contributing factor to something of a restoration of previous / higher shareprices.