Friday, May 22, 2015 12:12:15 PM
I had a few experiences with small cap companies up listing that caused a lot of grief for shareholders. I won't go into details.
I'm sure there are tons of others who have had similar experiences.
Fact is, up listing events and reverse splits happen fairly often with small caps. Not the majority of times, but fairly often. In almost all cases, current stockholders suffer immediate and significant losses. So, when in doubt--any doubt, many will avoid buying, some will avoid owning (sell); and according to Leo, some will short.
So, Leo has gotten ahead of the rumor mill. He has gotten on the record, in a timely fashion, to get ahead of rumors, any rumors on the subject. Also, by being on the record; he has responsibility; and I am sure there is absolutely no way a reverse split will happen--unless future disclosure is made.
Also, gives any of us an excellent resource in order to keep such rumors discredited. Can't stop some from trying to create a controversy.
I might add, that most negative controversies concerning CTIX are ill founded, and I am always pleased when Leo "slam dunks" them.
Recent IPIX News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 01:30:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 09:25:58 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:05:44 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 01:00:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/30/2023 08:15:25 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/28/2023 01:00:08 PM
FEATURED Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • Apr 25, 2024 8:52 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM