Post by
Barewood on May 15, 2018 11:00pm
The split is on the table
as a bargaining chip for Neovasc to be granted an extension on the NASDAQ. If the Company's extension is granted, I doubt the reverse split will be initiated, particularly if they succeed in amending the terms of the remaining 2017 financing ("Event Price Provisions"). I personally think its worth the effort. So, even if a split is voted for, we won't see it unless the "Company is not able to amend such provisions or obtain a waiver of such provisions in connection with its efforts to address the challenges to its capital structure, the Company may elect not to proceed with the reverse stock split." The NASDAQ is important to attract larger institutional investors in the U.S. to bring its products there to market.
Comment by
rockyfan on May 16, 2018 7:58am
This is going down half cent by next week...
Comment by
Barewood on May 16, 2018 11:24pm
Half a cent! Wow, where are your metrics for such an assertion? I'll load up either way! So 5000.00 will give me a whopping 1,000,000 shares; think of the possibilities!
Comment by
Makstocks on May 17, 2018 9:57am
I cant wait for this half cent SP either.
Comment by
onions7777 on May 18, 2018 5:13pm
1,000,000 pieces of toilet paper for 5K. Sounds like a deal to me!!!
Comment by
Makstocks on May 18, 2018 11:53pm
Now, now Rimbus. What did we say about being condescending towards towards board members? Should you not be checking your aftermarket watch for your $800 flips? Hah
Comment by
rimbus on May 19, 2018 10:14am
This post has been removed in accordance with Community Policy
Comment by
rimbus on May 21, 2018 12:21am
This post has been removed in accordance with Community Policy
Comment by
Montrose9 on May 23, 2018 11:30am
Just remember its hard to make money in stocks where the shareholder base are underwater. If a share compression of 1 for 100 takes place as the news release underscores then somebody with a cost of 2 dollars per share then has a cost of 200 dollars per share
Comment by
Barewood on May 23, 2018 11:59am
That is not how it works.
Comment by
Montrose9 on May 23, 2018 3:34pm
Pretty straight forward if you bought 100 shares at 2 dollars and you end up with 1 share that share cost you 200 dollars plus the brokerage. Of course if they do not alter the share structure and the shares go back to 2 dollars then those who buy now are golden. I will be the first to admit I dont enough about this listing to declare it has no value
Comment by
Barewood on May 23, 2018 9:55pm
Sorry that was suppose to read 0.06
Comment by
Barewood on May 24, 2018 10:08am
You missed my point. I was explaining to you how the R/S work. I also explained in several cases that Neovasc has made clear that the R/S may not go through pending on a number of circumstances.