RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Wonder what the Special Meeting in about Papmoe
Again I think you are pretending to not understand.
But here it is again
The goal of the reverse split is to lower the float to allow for a new PP. ...has nothing to do with Marketcap although the stocks doing a reverse split do tend to keep going down as the reverse split is the cycle of death.
Ex
200 000 000 shares is too many shares at 2 cents to do a PP raise.
So they will do a 40 to 1 Split
That will leave 5 000 000 shares at 80 cents
Then the company will do a Raise at lets say 5 000 000 shares at 20 cents
the new float will be 10 000 000 shares
the share price will fall somewhere between 30 cents -40 cents.
You will see soon enough , NXO cant stay alive without Money and they Have no Revenue so that leaves what option ?
Correct PapaMoe ! The 2 options are NXO gets Revenue or NXO does a PP Raise !