Post by
ScarletSpider on Feb 02, 2021 11:40am
If The Company Wants To List On Nasdaq That is part of it!!!
a five to one means about $5 the minimum needed to list on Nasdaq with the amount of oustandings and the monies needed to offset that it may be tough. The issue of confidence or not is a null one to me. I generally don't like reverse splits but if you can earn strong share value it really doesn't matter that would knock me to 400 shares at let's say $5 per share $2000 worth. It uplists and gets to $20 a share that is $8,000 I will take that--whatever.
Not a big deal actually that is all part and parcel here. I still like all that the stock has done and believe it will keep growing. In fact, i have another company that I am waiting on to finish the consolidation didn't like it there either but that is life. As long as I keep making monies reinvest and make more monies I can't complain.
At one time I held shares in Bell at that did a reverse split my 20,000 to about 266 shares. Stupidly i sold them fast but that consolidation saw way better share value then my existing 20,000 would have ever seen so it isn't always a negative thing actually.
Whatever happens happens as long as I handle the shares properly walk away with a good profit i smile say thank you and move on!