Post by
88guy88 on May 04, 2023 9:14am
Not Good....
180 extension fo Nasdaq requirements listing.....Share Consolidation coming very soon
We all know that when share consolidation happens the shares often "fall back down again"
This will be no different..... :))
Comment by
1condor on May 05, 2023 12:12pm
Puma1back..I dont see how they meet the NAS requirements without the reverse split scenario. So for me I am a firm believer now its the route they will take and consequently the company will suffer (not that it isnt already).
Comment by
Puma1back on May 06, 2023 8:14am
easier said then done, but any serious firming of positive ebit, then this will easily get above $US 1.00. They appear to have reasonable room in the liquidity department but even a $US 1.00 issue of 10 million shares would be a smart move. Jam it to $US 1.25 and then announce the "in the money" issue.
Comment by
1condor on May 06, 2023 10:27am
Puma...will be interesting to see how it works out. For investors I hope your scenario is the one that works.
Comment by
Puma1back on May 08, 2023 5:37pm
I wonder if this pop is the temporary settlement of the US issue or anpump before poor results ? One more week to see
Comment by
MS12345 on May 11, 2023 7:20am
They already called out their excuse on pending poor earnings as this quarter is 'traditionally' their weakest quarter. Don't expect much