ProMIS Neurosciences Inc PMN

Reverse Split

[goldtech]

Goldstein and the pathetic board of Directors created this share capital and now they better live with it. VOTE NO TO ANY REVERSE SPLIT AND WITHHOLD VOTES TO EXISTING DIRECTORS. REMEMBER THEY NEED YOUR VOTE TO REVERSE THE TREASURY.

[bball67]

Nobody was talking about a reverse split. They were talking about the recent very positive news. This is an attempt to distract and scare.  A reverse split at the right time will be a positive. I own 1M shares and I am okay with with a reverse split based on the circumstances and timing. Shareholders lose nothing, in fact a NASDAQ listed stock would enable institutional and other

[goldtech]

No this is not a scare attempt and is something that needs to be addressed whether you like it or not. A reverse split needs shareholder approval and to accommodate a Nasdaq listing alone is not a good enough reason to put this to a vote. Your shareholdings are nothing compared to our NO VOTE.

[DavidKingCanada]

I believe a Reverse Stock is eminent when the Share Price becomes 0.50 and above. There are too many outstanding Shares and for those Buying and Holding now will benefit from a Reverse Stock Split. Would you rather Buy Shares at 0.15 or 0.50 ? Obviously the lower amount is better for the Shareholder. 

[bball67]

A stock split or reverse split does not require shareholder approval. It requires director approval.  This was my experience as the CFO of a US Nasdaq listed company. It may be different for a Canadian listed stock but I doubt it. I have received annual proxies for maybe 100 companies  and have never seen requested consent of shareholders for a stock split or reverse split. This is my

[DavidKingCanada]

bball67 You are correct, Shareholders do not have the authorization to put forward any sort of Stock Split or Reversal. This is only done through elected directors. 

[JoeyBoston]

I would definitiely be in favor of a reverse split if it gets us on Nasdaq. Right now, no one knows about the company & its stock. Get a Nasdaq listing would bring in new instutional and retail interest. 

[goldtech]

While a 2:1 stock split is the most common, any other ratio may be carried out so long as it is approved by the company's shareholders and board of directors So much for your knowledge on Shareholders rights. Sec rules dictate not yours thank you.

[bball67]

You are just making things up. You say a 2 for 1 split is allowed but anything else requires shareholder consent. Seriously? I was CFO of a US public company that did FIVE 3 for 2 splits with approval of directors only. Shareholders loved it but they gave no approval, it was not required. I get it, you want shareholder disapproval of a reverse stock split because you are mad at directors. It doesn

[Thenorth1990]

There is no point debating , there is no other way this thing gets listed in Nasdaq and will do it with or without our blessings . Generally it favors the early investors atleast in the short term . What happens before the split is more important, specifically sp

[goldtech]

As the Securities and Exchange Commission (SEC) explains in a glossary entry on reverse stock splits, "state corporate law and a company's articles of incorporation and by-laws generally govern the company's ability to declare a reverse stock split and whether shareholder approval is required." If a company is required to file reports with the SEC, it may notify its shareholders