Got to wonder if the 1:10,000 reverse has something to do with the overdue note issued to CannaVest, which is having its own problems and probably wants payment, whether in cash or via share conversion. An $8 - $11 post-reverse price would help in any share conversion, especially if CannaVest gets shares for debt during the 30-day period when most shares are locked up.
If my guess is correct, then post reverse, the initial conversion price will be between $8 and $9, which would mean adding about 150K shares to the post-reverse OS.
But since the conversion is an average of lowest closing prices, the price will probably drop post-reverse as the conversion commences, and the number of shares necessary to take the balance to zero will increase.
"Soylent Green is people!!!"
Detective Robert Thorn: Telling uncomfortable truths since 2022
DRT is Charleton Heston's character in the 1973 movie, Soylent Green, set in the year 2022, and is not my real name
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