Auxly Cannabis Group Inc T.XLY

Reverse Split

[TheNewOldtimer]

Consolidation coming IMO, Hexo is doing 1:14 Monday morning, I think this will be necessary for Auxly as well to get it moving again, maybe 1:20

[TheNewOldtimer]

Typo, I was thinking 1:50 to get it over $1 mark,

[SCQuin]

It is a pointless maneuver without the capital raise that always follows...usually below the new share price. Existing shareholders generally end up losing everything .

[TheNewOldtimer]

We shall see, it reminds me alot of CHAL or formerly GLH, stayed down at .05 for 2 years before the spilt.

[SCQuin]

So....what matters is what happened after the RS?

[settoretire]

We get screwed and lose it all. Start again... no thanks.

[Investorpedia]

Unfortunately, if they do, we are looking at a likely 50% drop. I suppose that will be inevitable anyway. Cash burn is too strong. Can't see any basis for any stability yet.

[settoretire]

Unfortunately, your partially correct. I have had the unfortunate timing with this happening to me a few times, and if I can pass along a recommendation, it would be to sell within a day or two of the split. Historically, the stock hovers around the new split price for a day or two, then retreats back to, or near the original pre split price. Buying it back then is still a big gamble because the

[TheNewOldtimer]

Indeed very painful, I just went trough it with Hexo and although it was known that the split was in the cards the confirmation of the 1:14 came on quite suddenly, as soon as the confirmed split was announced the sp dropped :(