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There doesn't have to be a vote for a reverse split.. It is up to the company if they choose to do it that way. It can also be a decision of the board of directors without a shareholder vote. So it is not a lie and until your buddy Justin does something to change this, the chance of a reverse split are still there....
ONLINE INFO:
What is required should an issuer choose to do a reverse stock split?
Generally, a public company can declare a reverse split if it obtains the approval of its board of directors. Most often shareholder approval is not required.
Just did it a week or so ago. Bought in the .50's sold in the .60's. I trade short term using my chart only. Been doing it for years!!!
Buy rumor sell news? So, if NAKD pulls back add it back on. This will have some play. But, not much.
Interesting....so on any deal they will need to be increased authorized. So, deal + increase authorized then, reverse = close
Sell on the news or before, for sure!
Unless the NewCo is so bad their just grateful to get any money and cap structure doesn't matter.
I sold mine back in the .70's. Been on a total red sell arrow since June... Don't plan to rebuy until I get a green buy arrow Which may never come!!!
I saw somewhere 950k is authorized
707,726,338 shares outstanding you know a minimum x10 for 1 will be required. Plus, the outstanding shares authorized on NAKD is like looking for a puzzle piece.
They'll dilute the present shareholders so bad you'll hate you ever held on.
Buy on the rumors sell on the news.
NAKD is Classic example of that that line.
How can it be a lie or fake news if it is an opinion that is posted about 1000 times on the internet. What about all this reddit fake buying just to run the price up so it can fall back down... It that a lie and fake also???
Don't love anything about any investment. I just can't stand people spreading lies/fake news to mislead new traders
It is really amazing how you guys that are in love with NAKD can't accept someone else's opinion. We will just have to wait to see who is right on this one!!! I hope for all of you, that you are correct!!!
Yawn. More of this fake news.
You already know that without a vote that's off the table. Retail own the float so that's not happening and JDR has shown no interest in such a thing. Just cover and get it over with. It'll be far less painful now than later.
LOL, still beating that old dog.
Don't be surprised if any twitter or PR is to announce a reverse split.. Just my opinion!!!
I would personally prefer a PR after we are over a $1 as that would likely launch us to new highs we haven't seen before
Approaching the HOD.
I believe JDR will update us on twitter, and then release a PR.
Fine times ahead. Gotta love these fake bulls who were pumping in the 50s and likely dumped their load in the 70s and are now hoping to get back in cheap. You see it in their "concerned" posts
Consolidation at it's finest... Morgan Stanley is our friend!
Nice action today.. flipping to stronger hands last few sessions from .50 flippers top .65-.75 holders imo.. next leg up soon hopefully
Looks good to me. Doubt we'll be seeing the 50s again any time soon
yup, NAKD living up to my expectations--it cant hold gains
Nice tweet! https://twitter.com/WillBPhotoArt/status/1432539847735054340/photo/1
Short Squeeze Score for $NAKD continues to increase, now ranked 28th! ?????? #NAKDARMY #NAKD #ShortSqueeze #WSB #MOASS
Youll see volatility
Um....I see sixties ?
More asking than bidding.. could be a long day..
Oh boy... NAKD better get some some legs soon....
like I said, I'll believe it when I see it
Twitter is better.....you are correct Sir...
Looking good. Not letting it drop below $0.70
They certainly know how to dump shares though. Maybe if one of these insiders actually bought some of the stock their pumping.....I would believe. How many shares does Justin own ? Zippo ! That says a ton !
Due diligence......how long is that gonna take ? Just dragging their feet as usual. Don't think it will ever materialize. Just a con to sell more shares. Billion by now.....is ridiculous. Reserve split is eminent. These clown don't know how to run a business .
NO THEY CAN NOT SHOW YA ANY INCREASE
Keep this in mind all===>
“I am delighted to confirm we believe we have found such a company. We have recently reached preliminary agreement on non-binding terms and are now conducting due diligence,” Davis-Rice said. “The company is in a sector which has been forecast to have strong growth for many decades to come.”
August 20 shareholder meeting
This could be any sector, renewable energy? Pot? Anything.. its an exciting time.. NAKD
Yesterdays close was a bullish signal, hopefully investors act on it today..
Not even slightly worried about it, just thought it was funny.. NAKD
Chart looks pretty Good though. Might see a little more consolidation Tuesday before it climbs
believe it when I see it
Would Love to see that! NAKD
Looking at the YTD chart I believe we close Friday above a dollar.
I was being sarcastic about the fake gain
Seriously? I just checked the OS can you show any increase in the last month?
If NAKD STOPED DILUTION WE BE OVER 1.00 plus
That's a non event. We have another 6 months
October 25th is not too far away
It's only a matter of time. They're trapped and living on hopium of a bust deal. Many are likely still trapped in the teens when they thought they were forcing a delisting, BK, or RS late last year
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