XORTX Therapeutics Inc V.XRTX

Some simple math

[aussyspitz]

According to the announcement no fractional shares will be issued and they will be rounding down so my recommendation to everyone here is to ensure whatever number of shares you own is wholly divisible by 11.74 prior to 9/23 also the NASDAQ listing documents shows that the offering price will be $6.00 if you divide that by 11.74 you get an approximate pre-consolidation share price of .51 so my conclusion is any purchase between now and Sept 23 below .51 is probably going to work out in your favor and represents a likely 15% approximate gain from the current share price of approx .44.

[SpaceLabs]

Where do you see this going at nasdaq once listed, will it TANK ?

[aussyspitz]

Short term: Stocks that uplist tend to experience an upside spike exceeding 25%. Long term: The upside spike may not be sustained as the stock price becomes more reflective of the underlying fundamentals. Bottom Line: If you are a trader trade the short term lift if you are a long term investor who believes the underlying fundamentals hold some powder and buy on the pull back