Electra Battery Materials Corp V.ELBM

Coin toss for sure

[555rookie555]

I have wanted to invest more in this stock but my inexperience, risk tolerance and the negative posts I've seen on reverse splits has kept me from doing so. Now that the RS is happening inside it as another unknown becoming a known, whether positive or negative. If the SP drops I will add more. Bottom line is ELBM has government support and their plant is being built to serve an undeniably large growing market that currently sources material from countries with geopolitical risk (this is why the government's are getting involved). If SP tanks, I'm buying more.

[NatureBoy]

Rookie555...in reality, if the share price "tanks,"...the RS will not fly. For Trent to pull this off, share price has to rise or this is a no-go.  And a failure is not good for any of us. If one wants to increase one's position and feel optimistic about prospects, you'll have to stay in front of any increase in sp.  watch for an announcement or a catalyst event in the

[dothemathpeople]

Thats not true, but this is;  NASDAQ National Market (NASDAQ) Initial Minimum Bid Price for Stock: The stock must have a minimum initial bid price of $5.00, and must later remain at or above $1.00. So you figure it out.

[dothemathpeople]

Looks like NASDAQ might have a $4 minimum bid requirement now.  US$.  Either way, it's going to be an interesting show for the next little while.

[Marshall]

Just to set the record straight, $4 divided by 18 is 22.2 and not 27.7 as posted by mathboy.  Depending on the exchange rate you're looking at between 29 and 30 cents in Canadian funds.

[Silverad0]

Im not sure here guys but as of right now if we do the 18:1 would it not be 18 X .31 = $5.58 ?  or $4.57/share U$   

[Marshall]

The cutoff point for qualifying was the intent.

[SimplyRunRig]

I don't know where you're getting your info from, but: "The regular bid price of shares of the company's stock at the time of listing must be at least $4.00. However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements." quote=dothemathpeople]Thats not true, but this is;  NASDAQ National

[dothemathpeople]

So what are those "varying requirements" then?  Do tell? Half miler...