Supreme Cannabis Company Inc. (The) T.FIRE

wasnt approval for a reverse 5:1 split voted on in nov2018?

[541house]

they have done it before

Jul. 18, 2014 10:03 AM ETSupreme Cannabis Co Inc. (SPRWF)By: Douglas W. House, SA News Editor10 Comments

• Supreme Pharmaceuticals (OTCPK:SPRWF +5.6%) proceeds on a 1:5 reverse split of its common stock which will reduce the number of issued and outstanding shares to 58,088,685 from 290,443,425.
• CEO David Stadnyk says, "We have decided to make this move so our corporate structure is more in line with that of out peers. Having less shares outstanding trading at a proportionately higher price should also facilitate the raising of the additional funds needed to compete construction at our Southern Ontario project so we can meet the conditions of our pre-build license. That project is moving ahead on schedule and on budget."

[ToTheMOONboys]

That was 3 years ago and not under Beena, and anyone that held shares their shares 5x'ed, they most likely did it so that any new investors that got in would be quality, and so all the short selling day traders would fall back. BMO would not buy 77 Million+ shares today just so they could pull out at at $1 or $2 bucks, and they sure as well wouldn't buy in unless Beena had a game plan.

[Aurum1983]

give it a rest 541. They didn't have to RS back in July 2014 but I see that the share price was taken down to 0.02 in Apr 2014 so I think the main reason would be to ensure the share price is such that the company won't get delisted. Again, RS is only necessary to avoid delisting. That is B-A-D. Like ACB did a 12-1 when it was under a buck to avoid getting delisted. If not for this