Post by
LookListenLearn on Apr 01, 2022 10:55am
Reverse Split
Looking for some education...
I have never been involved in a reverse split. Can someone explain what happens to all of the open options, etc. if the stock goes 60:1? Are all previous deals recalculated to the same ratio? I have been a Promis HODL for a few years and this has me very worried. I can see our current management team with 7M shares diluting it back to 100M to fatten their wallets...
Comment by
azzymaa on Apr 01, 2022 3:28pm
I am only assuming like most Options they will expire worthless and not excercised. There might not be a Reverse Split and we might not see any Nasdaq Listing. There are many stipulations in order to get listed on the Nasdaq. Were the Options at 0.10 for the Boston Club? Hope someone with more knowledge can reply.